E9-18 Accounting for uncollectible accounts using the allowance method Learning objectives 1,3 (percent-of-sales) and reporting receivables on the balance sheet Requirements 1 ournalize 2. AR, Dec. 31 $54,700 Hilltop's transactions that occurred during 2018, The company uses the allowance method 2. Post Hiltop's transactions to the Accounts Receivable and Allowance for Bad 3. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop 4. Show how Hilltop Flagpoles will report net accounts reccivable on its December Debts T-accounts. estimates bad debts as 3% of credit sales Post the adjustment to the appropriate T-accounts 31, 2018, balance sheet. E9-18 Accounting for uncollectible accounts using the allowance method Learning objectives 1,3 (percent-of-sales) and reporting receivables on the balance sheet Requirements 1 ournalize 2. AR, Dec. 31 $54,700 Hilltop's transactions that occurred during 2018, The company uses the allowance method 2. Post Hiltop's transactions to the Accounts Receivable and Allowance for Bad 3. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop 4. Show how Hilltop Flagpoles will report net accounts reccivable on its December Debts T-accounts. estimates bad debts as 3% of credit sales Post the adjustment to the appropriate T-accounts 31, 2018, balance sheet