these practice problems are so hard!

- Requirements 1. Journalize Whippersnapper's Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31, 2024. Print Done X unt to 1% of net credi During its first year of operations, Whippersnapper Fun Room earned net credit sales of $354,000. Industry experience suggests that bad debts w At December 31, 2024, accounts receivable total $35,000. The company uses the allowance method to account for uncollectibles Read the equirement Requirement 1. Journalize Whippersnapper's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit > Dec. 31 Requirement 2. Show how to report accounts receivable on the balance sheet at December 31, 2024. Balance Sheet (Partial): Current Assets