The Accounts Receivable balance and Allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016, Spring Garden completed the following transactions: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Spring's transactions for 2016 assuming Spring Garden 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, $294,700 (ignore Cost of Goods Sold). Accounts and Explanation Debit Credit ........ a. More info a. Sales revenue on account, $294,700 (ignore Cost of Goods Sold). b. Collections on account, $216,000. c. Write-offs of uncollectibles, $5,800. d. Bad debts expense of $5,300 was recorded. b. Collections on account, $216,000. Accounts and Explanation Debit Credit b. Print Done c. Write-offs of uncollectibles, $5,800. Accounts and Explanation Debit Credit C. The Accounts Receivable balance and Allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016, Spring Garden completed the following transactions: (Click the icon to view the transactions.) Read the requirements. c. Write-offs of uncollectibles, $5,800 Accounts and Explanation Debit Credit O X c More info a. Sales revenue on account, $294,700 (ignore Cost of Goods Sold). b. Collections on account, $216,000. c. Write-offs of uncollectibles, $5,800. d. Bad debts expense of $5,300 was recorded. d. Bad debts expense of $5,300 was recorded. Accounts and Explanation Debit Credit d. Print Done Requirement 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. Enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Accounts Receivable account. Accounts Receivable The Accounts Receivable balance and Allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016, Spring Garden completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 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. Enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Accounts R More info Accounts Receivable 1 a. Sales revenue on account, $294,700 (ignore Cost of Goods Sold). b. Collections on account, $216,000. c. Write-offs of uncollectibles, $5,800. d. Bad debts expense of $5,300 was recorded. Now enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Allowa Allowance for Bad Debts Print Done Next enter the journal entries and then compute unadjusted lance for the Bad Expense account Bad Debts Expense Requirement 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2016 The Accounts Receivable balance and Allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016, Spring Garden completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Accounts Receivable Now enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Allowa More info Allowance for Bad Debts a. Sales revenue on account, $294,700 (ignore Cost of Goods Sold). b. Collections on account, $216,000. c. Write-offs of uncollectibles, $5,800. d. Bad debts expense of $5,300 was recorded. Next enter the journal entries and then compute the unadjusted balance for the Bad Debts Expense account. Bad Debts Expense Print Done Requirement 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2016. Balance Sheet (Partial): Current Assets