ST's Auto Repair, Inc., ended December 2017 with Accounts receivable of $55,000 and a credit balance of $2,000 in Allowance for uncollectible accounts. During January 2018, ST's Auto Repair, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare journal entries to record sales (ignore cost of goods sold), collections, write-offs of uncollectibles, and bad debt expense using the percent of sales method. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Let's start by entering the journal entry for the sales of $300,000 which included $190,000 in credit sales and $110,000 of cash sales. Ignore cost of goods sold. Date a. Journal Entry Accounts Requirements Debit Credit 1. Prepare journal entries to record sales (ignore cost of goods sold), collections, write-offs of uncollectibles, and bad debt expense using the percent of sales method. 2. Calculate the ending balances in Accounts receivable, Allowance for uncollectible accounts, and net accounts receivable at January 31, 2018. How much does ST's Auto Repair expect to collect? Print Done More info a. Sales of $300,000, which included $190,000 in credit sales and $110,000 of cash sales. Ignore cost of goods sold. b. Cash collections on account, $83,000. c. Write-offs of uncollectible receivables, $1,500. d. Bad debt expense, estimated as 5% of credit sales. Print Done