The Accounts Receivable balance and Allowance for Bad Debts for Chocolate Passion at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, Chocolate Passion completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Chocolate Passion's transactions for 2018 assuming Chocolate Passion 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, $268,800 (ignore Cost of Goods Sold). Accounts and Explanation Debit Credit a. b. Collections on account, $215,000. Accounts and Explanation Debit Credit b. c. Write-offs of uncollectibles, $5,800. Accounts and Explanation Debit Credit C. d. Bad debts expense of $5,300 was recorded. Accounts and Explanation Debit Credit d. 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 Now enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Allowance for Bad Debts account. Allowance for Bad Debts Next enter the journal entries and then compute the unadjusted balance for the Bad Debts Expense account. Bad Debts Expense Requirement 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2018. Balance Sheet (Partial): Current Assets