Score: 0 at 4 pts HW Score: 0%,. D of 25 pts E8-18 (book/static) At January 1, 2016, Hiltop Flagpoles hd Accounts Receivable of $20,000 and lowance for Bad Cetes had crecht balance of S3 000 Dum g the Year Hltop Flagpakes e corded the following Read the ACUIAMAnIs Requirement 1 Journalice H tops tsnsaction ths occurred dunng 2018. The cumpen udes tre lowance ethod. Record deb s int (a)Saks ru,od 1E4,DD en account 521,000 tor cash. Ignore Cat ofGoos Scld. (Hrepare a sngia compound Joumal entry) en u 15 Select t e es otio on the 1st Ine of the louril try table Date Accounts and Explanation Debit Credit Requiraments More Info 1. Journa ize Hihops transactons that ocrred during 201& The 2 HostHIlMop'stransactions to the cccunts Hccavable and awanco a. Soles of $185,000 (3164,000 on account:$21,000 fr azhi rora Cost of Goods Sali b. Collectiens on account $135,00 Hiltop estimates bad debts 3% of credit sa es post the odustrment Write-uffs uf uculectibe receivables, 32 300 4 Show how Hiltop Flagpo cs wlrcport net ccounts reccvabic on it i Cone Print Done