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The Accounts Receivable balance and Allowance for Bad Debts for World Class Sport Shoes at December 31, 2014 was $10,800 and $2,000 (credit balance). During 2015, World Class completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize World Class' transactions for 2015 assuming World Class uses the allowance method. (Record debits first, then credits. Explanations will appear on the last line of the journal entry table.) a. Sales revenue on account, $292,400 (ignore cost of goods sold). Accounts and Explanation Debit Credit a. b. Collections on account, $225,000. Accounts and Explanation Debit Credit b. c. Write-offs of uncollectibles, $6,300. Accounts and Explanation Debit Credit c. d. Bad debts expense of $5,500 was recorded. 1 More Info a. Sales revenue on account, $292,400 (ignore cost of goods sold). b. Collections on account, $225,000. c. Write-offs of uncollectibles, $6,300. d. Bad debts expense of $5,500 was recorded. Print Done Requirements W 1. Journalize World Class' transactions for 2015 assuming World Class uses the allowance method. 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts and determine the ending balance of each account. 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2015. Print Done