During its first year of operations, Signature Lamp Company Inc. had sales of $845,000, all on account. Industry experience suggests that Signature Lamp Company's bad debt expense will be $31,500. Signature Lamp Company ended the year 2016 with accounts receivable of $82,000 and an allowance for uncollectible accounts of $17.500. During 2017. Signature Lamp Company completed the following transactions: 1. Credit sales, $1,050,000 2. Collections on account, $886.000 3. Write-offs of uncollectibles, $12,000 4. Bad debt expense, $31,500 Journalize the 2017 transactions for Signature Lamp Company. Explanations are not required. We will begin by recording sales revenue. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Credit Debit Now we will record collections. Journal Entry Accounts Debit Credit Next, we will record receivables actually written off during the year. Journal Entry Accounts Debit Credit Last, we will estimate the uncollectible amount for 2017 sales revenue on account. Journal Entry Accounts Debit Credit