TS's Auto Repai, Inc, ended December 2017 with Accounts receivable of $55,000 and a credit balance of $5,000 in Allowance for uncolloctible accounta. During January 2018 , T\$y Auto Ripar, Inc, completed the following transactons: (1) (Click the leon to view the transactions.) Read the teguimements Requirement 1. Prepare joumal entries to rocord sales (ignore cest of goods sold), collections, write-offs of uncollectibles, and bed debt expense uing the percent of sakes method. (Fiecoe first, then crodits. Exclude explanations from any joumat entries.) in. Let's start by entering the joumal entry for the sales of $300,000 which included $100,000 in credit sules and $110,000 of cash sales. lgnore cost of 900d5 sold. b. Next, recard the collectians on account, $54.000 c. Record the entry to write of the uncollectible receivables, $1,BD0. d. Now we can record the bad debt expense, estimated as 2% of credit cales. expect to oollect? Begin by calculnting the anding bolance in each account using the folowing T-accounts Next, lots compute the not Accounts Receivable at January 31 Net accounta noolvable = How mich does T5's Aito Riepsir erpock to collect? TSt emects to coliect Requirements 1. Prepare journal entries to record sales (ignore cost of goods sold), collections, write-offs of uncollectibles, and bad debt expense using the percent of sales method. 2. Calculate the ending balances in Accounts receivable, Allowance for uncollectible accounts, and net accounts receivable at January 31, 2018. How much does TS's Auto Repair expect to collect