Requirement 2. Post Blue Mountain Clothing's transactions to the Accounts Recelvable and Allowance for Bad Debts T-accounts. Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account. Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Requirement 1. Journalize Blue Mountain Clothing'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 $188,000 ( $164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustmen to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Post the adjustment to the appropriate T-accounts. Enter the unadjusted balances computed in requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adjustment and compute the January 31 adjusted balance of each account. (Enter a " 0 " on the normal side of the account for any zero balances.) Transactions a. Sales of $188,000 ( $164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $131,000. c. Write-offs of uncollectible receivables, $2,300. Requirement 2. Post Blue Mountain Clothing's transactions to the Accounts Recelvable and Allowance for Bad Debts T-accounts. Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account. Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Requirement 1. Journalize Blue Mountain Clothing'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 $188,000 ( $164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Requirement 4. Show how Blue Mountain Clothing will report net accounts receivable on its January 31, 2025, balance sheet. Requirement 4. Show how Blue Mountain Clothing will report net accounts receivable on its January 31, 2025, balance sheet. Enter the unadjusted balances computed in requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adjustment and compute the January 31 adjusted balance of each account. (Enter a " 0 " on the normal side of the account for any zero balances.) (b.) Collections on account, $131,000. (c.) Write-offs of uncollectible receivables, $2,300. (b.) Collections on account, $131,000. (c.) Write-offs of uncollectible receivables, $2,300. Requirements 1. Journalize Blue Mountain Clothing's transactions that occurred during January. The company uses the allowance method. 2. Post Blue Mountain Clothing's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustment to the appropriate T-accounts. 4. Show how Blue Mountain Clothing will report net accounts receivable on its January 31,2025 , balance sheet. Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustmen to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Post the adjustment to the appropriate T-accounts. Requirement 2. Post Blue Mountain Clothing's transactions to the Accounts Recelvable and Allowance for Bad Debts T-accounts. Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account. Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Requirement 1. Journalize Blue Mountain Clothing'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 $188,000 ( $164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustmen to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Post the adjustment to the appropriate T-accounts. Enter the unadjusted balances computed in requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adjustment and compute the January 31 adjusted balance of each account. (Enter a " 0 " on the normal side of the account for any zero balances.) Transactions a. Sales of $188,000 ( $164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $131,000. c. Write-offs of uncollectible receivables, $2,300. Requirement 2. Post Blue Mountain Clothing's transactions to the Accounts Recelvable and Allowance for Bad Debts T-accounts. Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account. Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Requirement 1. Journalize Blue Mountain Clothing'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 $188,000 ( $164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Requirement 4. Show how Blue Mountain Clothing will report net accounts receivable on its January 31, 2025, balance sheet. Requirement 4. Show how Blue Mountain Clothing will report net accounts receivable on its January 31, 2025, balance sheet. Enter the unadjusted balances computed in requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adjustment and compute the January 31 adjusted balance of each account. (Enter a " 0 " on the normal side of the account for any zero balances.) (b.) Collections on account, $131,000. (c.) Write-offs of uncollectible receivables, $2,300. (b.) Collections on account, $131,000. (c.) Write-offs of uncollectible receivables, $2,300. Requirements 1. Journalize Blue Mountain Clothing's transactions that occurred during January. The company uses the allowance method. 2. Post Blue Mountain Clothing's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustment to the appropriate T-accounts. 4. Show how Blue Mountain Clothing will report net accounts receivable on its January 31,2025 , balance sheet. Requirement 3. Journalize Blue Mountain Clothing's adjustment to record bad debts expense assuming Blue Mountain Clothing estimates bad debts as 12% of accounts receivable on January 31,2025 . Post the adjustmen to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Blue Mountain Clothing's adjustment to record bad debts expense. Post the adjustment to the appropriate T-accounts