E9-19 Accounting for uncollectible accounts using the allowance method Learning ob (percent-of-receivables) and reporting receivables on the balance sheet Requirements 1. Journalize Hilltop's transactions that occurred during 2018. The company uses the 3. Bad Debts Expense $4,770 allowance method. 2. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts 3. Journalize Hiltop's adjustment to record had debts expense assuming Hiltop esti- mates bad debts as 10% of accounts receivable. Post the adjustment to the appro- priate Taccounts. 4. Show how Hilltop Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet. E9-19 Accounting for uncollectible accounts using the allowance method Learning ob (percent-of-receivables) and reporting receivables on the balance sheet Requirements 1. Journalize Hilltop's transactions that occurred during 2018. The company uses the 3. Bad Debts Expense $4,770 allowance method. 2. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts 3. Journalize Hiltop's adjustment to record had debts expense assuming Hiltop esti- mates bad debts as 10% of accounts receivable. Post the adjustment to the appro- priate Taccounts. 4. Show how Hilltop Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet