The Accounts Receivable balance and Allowance for Bad Debts for Garcia Corporation at December 31, 2023, was $10,800 and $2,000 (credit balance), respectively. During 2024, Garcia Corporation completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Garcia Corporation's transactions for 2024 assuming Garcia Corporation uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Sales revenue on account, $266,600 (ignore Cost of Goods Sold). Accounts and Explanation Debit Credit a. More Info - X Requirements - X 1. Journalize Garcia Corporation's transactions for 2024 assuming Garcia Corporation 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, 2024. a. Sales revenue on account, $266,600 (ignore Cost of Goods Sold). b. Collections on account, $221,000 c. Write-offs of uncollectibles, $6,400. d. Bad debts expense of $5,500 was recorded. Print Done Print Done