nformation to answer Exercises E9-18 and E9-19. , lanuary 1,2018, Hilltop Flagpoles had for Bad Debts had Accounts Receivable of $28,000, and Allow ance of $3,000. During the year, Hilltop Flagpoles ance recorded the fo Sales of $185,000 (5164,00 on account: $21,000 for eash),gnore Cot Sold Goods b. Collections on account, $135,000 c. Wrte-offs of uncollectible receivables, $2,300. 9-18 Accounting for uncollectible accounts using the allowance me thod Learning Objecti (percent-of-sales) and reporting receivables on the balance shee Requirements 2. AR, Dec. 31 $54, 1. Journalize Hilltop's transactions that occurred during 2018. The company uses the 2. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad 3. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop allowance method. Debts T-accounts. estimates bad debts as 3% of credit sales. Post the adjustment to the appropriate T-accounts. 4. Show how Hilltop Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet