ution rep Al January 1, 2024, Mountaintop Flagpoles had Accounts Receivable of $30,000, and Alowance for Bad Debts had a credit balance of $4,000. During the year, Mountaintop Flagpoles recorded the following transactions for January (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Mountaintop's transactions that occurred during January. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) (a) Sales of $180,000 ($162,000 on account; $18,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit - Choose from any list or enter any number in the input fields and then click Check Answer i More Info X a. Sales of $180,000 ($162,000 on account; $18,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $132,000. c. Write-offs of uncollectible receivables, $2,300. At January 1, 2024, Mountaintop Flagpoles had Accounts Receivable of $30,000, and Allowance fo recorded the following transactions for January: (Click the icon to view the transactions.) Read the requirements. Date Accounts and Explanation Debit Credit 2024 Jan. At January 1, 2024, Mountaintop Flagpoles had Accounts Receivable of $30,000, and Allowance fo recorded the following transactions for January: (Click the icon to view the transactions.) Read the requirements. Date Accounts and Explanation Debit Credit 2024 Jan