The Accounts Receivable balance and Allowance for Bad Debts for World Class Sport Shoes at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, World Class Sport Shoes completed the following transactions: i (Click the icon to view the transactions.) a. Sales revenue on account, $288,300 (ignore Cost of Goods Sold). b. Collections on account, $222,000. c. Write-offs of uncollectibles, $6,300. d. Bad debts expense of $5,000 was recorded. Requirement 1. Journalize World Class Sport Shoes's transactions for 2018 assuming World Class Sport Shoes 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, $288,300 (ignore Cost of Goods Sold) Accounts and Explanation Debit Credit b. Collections on account, $222,000. Accounts and Explanation Debit Credit c. Write-offs of uncollectibles, $6,300. Accounts and Explanation Debit Credit d. Bad debts expense of $5,000 was recorded. Accounts and Explanation Debit Credit Accounts Receivable Now enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Allowance Allowance for Bad Debts Next enter the journal entries and then compute the unadjusted balance for the Bad Debts Expense account. SP Bad Debts Expense 1 | Requirement 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2018 Balance Sheet (Partial): Current Assets