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(Click the icon to view the transactions.) Read the requirements. (a.) Sales of...

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Accounting

(Click the icon to view the transactions.)
Read the requirements.
(a.) Sales of $185,000( $164,000 on account, $21,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry)
\table[[Date,Accounts and Explanation,Debit,Credit],[2024],[Jan.],[,,%,],[,,,],[,,,],[,,,]]
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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.
Requirements
Journalize Hilltop's transactions that occurred during January. The company uses the allowance method.
Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts.
Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop estimates bad debts as 10% of accounts receivable on January 31,2024. Post the adjustment to the appropriate T-accounts.
Show how Hilltop Flagpoles will report net accounts receivable on its January 31,2024, balance sheet.
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