transactions for January: (Click the icon to view the transactions.) Read the requirements. the journal entry table.) (a.) Sales of $185,000 ( $164,000 on account; $21,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Requirements 1. Journalize Hilltop's transactions that occurred during January. The company uses the allowance method. 2. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop estimates bad debts as 3% of credit sales on January 31, 2024. Post the adjustment to the appropriate T-accounts. 4. Show how Hilltop Flagpoles will report net accounts receivable on its January 31, 2024, balance sheet. More info a. Sales of $185,000 ( $164,000 on account; $21,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $135,000. c. Write-offs of uncollectible receivables, \$2,300