S9-6 (similar to) Question Help During its frst year of operations, Summer, Sand, and Castles Resort eamed net credit saies of $329,000. Industry experience sugpests that accounts receivable total $42,000. The Of $329,000 lastry experience suggests that bad debts wil' amount to2%ofnet redr sales. At December 31, company uses the allowance method to account for uncollectibles. 2016, Requirements Journalize Summers Bad Debts Expense u 2. using the peroent-of-sales method Show how to report accounts receivable an the balance sheet at Docember 31, 2016 Requirement 1. Journalize Summer's Bad Debts Expense using the percent of-sales method.(Record dabits frst, then credits. Seloct the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit 31 Choose from any list or enter anry number in the input fholids and then click Check Answer Clear Al O Type here to search 6