The Accounts Receivable balance and Allowance for Bad Debts for Winter Retreats at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, Winter Retreats completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Winter Retreats's transactions for 2018 assuming Winter Retreats uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Sales revenue on account, $274,800 (ignore Cost of Goods Sold) Accounts and Explanation Debit Credit a. Accounts Receivable 274,800 Sales Revenue 274,800 Record sales for the year b. Collections on account, $219,000 Accounts and Explanation Debit Credit b. Cash 219,000 Accounts Receivable 219,000 Collected cash on account c.Write-offs of uncollectibles, $5,600 Accounts and Explanation Debit Credit Allowance for Bad Debts Accounts Receivable 5,600 c. 5,600 Wrote off uncollectible accounts d. Bad debts expense of $5,000 was recorded. Accounts and Explanation Debit Credit d. Bad Debts Expense 5,000 Allowance for Bad Debts Recorded bad debts expense for the peniod. Requirement 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts and determine the ending balance of each account Enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Accounts Receivable account. Accounts Receivable 2017 Bal Net credit sales Bal. Now enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Allowance for Bad Debts account. 10,800 219,000 Collections 274,800 5,600 Write-offs Allowance for Bad Debts More Info a. Sales revenue on account, $274,800 (ignore Cost of Goods Sold) b. Collections on account, $219,000. c. Write-offs of uncollectibles, $5,600 ts Expense T-accdd. Bad debts expense of $5,000 was recorded. counts Receivable PrintDone Requirements e Al 1. 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2018. Journalize Winter Retreats's transactions for 2018 assuming Winter Retreats uses the allowance method. T-accounts, and determine the ending balance of each account. Print Done