Help me answer both requirments, all the transcations for the journal entries are below. Make sure to use correct terminolgy for the journal entries as well as shown below.

ansactions during 2024 and 2025 - X More info 2024 Dec. 31 pral jou Bad Det ude expl Estimated that bad debts expense for the year was 2% of credit sales of $400,000 and recorded that amount as expense The company uses the allowance method Made the closing entry for bad debts expense Dec. 31 eneral jou 2025 e year wa Jan. 17 Jun 29 stion Aug. 6 Dec. 31 Sold merchandise inventory to Malcom Monet 5800 on account ignore Cost of Goods Sold Wrote olf Malcom Monet's account as uncollectible after repeated afforts to collect from him. Received $600 from Malcom Monet along with a letter apologizing for being so late Reinstated Monet's account in full and recorded the cash receipt Made a compound entry to wnte of the following accounts as uncollectible Bruce Kelly $1,300. Maria Bennett, $1,000 and Rupert Robertson, $300 Estimated that bad debts exponse for the year was 2% on credit sales of $530,000 and recorded the expense Made the closing entry for bad debts expense Dec. 31 Dec. 31 Print Done Requirements - X actions in the 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming the accounts begin with a zero balance Record the transactions in the general journal (omit explanations), and post to the two T-accounts. 2. Assume the December 31, 2025, balance of Accounts Receivable is $133,000. Show how net accounts receivable would be reported on the balance sheet at that date. Print Done dushed laser.centerwinyes Accounting 1 Online (Spring 2022) = Homework: GRADED Chapter 9 HW Question 2, PF9-31A (similar to) Part 1 of 11 HW Score: 0%, O Points: 0 of Quanty Watches completed the following selected transactions inng 2024 and 2025 Click the icon to www the transaction) Read the CEE Requirement 1. The Taccounts for Alowance for Bad Debts and Bad Debts Expense have been opened for you, assuming the accounts begin with a zero balance Record the transactions in the T-accounts Record debits first, then credit Exclude explanations from ouma entre Abbreviations used Ad Adjusting entry Close Closing entry WIO = Wide-off) Begin by recording the 2024 transactions in the general journal Dec 31 Estimated that bad debts expense for the year was 23 of credit sales of $400,000 and recorded that amount as expeme The company uses the altowance method Date Accounts and Explanation Debit Credit 2024 Dec 31 IM Do Homework - GRADED Chapter 9 HW - Google Chrome mylab.pearson.com/Student/PlayerHomeworkaspx?homeworkid=6209603818 Accounting 1 Online (Spring 2022) Hom Accounts Receivable-Bruce Kelly Quality Wate (Click th Accounts Receivable-Malcom Monet 4 and 2025 Read the te Accounts Receivable-Maria Bennett Accounts Receivable-Rupert Robertson Requiremes Allowance for Bad Debts Taccounts Bad Debts Expense Begin by tec ots Expense have be Durnal entries Abbre Dec 31 Est Cash Date sales of $400 000 and Income Summary Dit Credit 2024 Dec 31 (Adi) Help me solve this Etext pages Get more help . 48F Mostly sunny DEER PARUK condensowo 620960&questionid=18flushed falsed Acounting Online Spring 2022) Home Accounts Receivable-Bruce Kelly Question 2, PF9. Part 1 Accounts Receivable Malcom Monet DW COX and 2025 Accounts Receivable Maria Bennett Accounts Receivable--Rupert Robertson Allowance for Bad Debts Bad Dots Esponse Den opened for you asuming the aco mes Avised Ad Adjusting entry Cash D Income Summary Sales Rene 5400000 and recorded that amount as expense Th Credit Elena Grethe o $ OD FI DEE PAS Do Homo GRADED Chaeter HW-Google Chrome myherion.com/Student/PlayerHomeworkshomewordd=620960381&questionid=1&flushed fals Accounting 1 Online (Spring 2022) Homework: GRADED Chapter 9 HW Question l W|| (Click 024 and 2025 Accounts Receivable--Bruce Kelly Rest Accounts Receivable-Malcom Monet Accounts Receivable Maria Bennett Requiem Accounts Receivable--Rupert Robertson Expense have been opened for you, assumingt utres Abbreviations used Ads - Adjustings Begby Allowance for Bad Debts Dets Bad Debts Expense Date Cash 2004 th Income Summary Sales Revenue of 5400,000 and recorded that amount as expen Credit Welove this Elektpages Get more help. FI