On August 31, 2018 Orchard Floral Supply had a $150,000 debit balance in Accounts Receivable and a $5,000 credit balance in Allowance for Bad Debits. During September, Orchard made Sales on account, $660,000. Ignore Cost of Goods Sold Collections on account $58.000. Write-offs of uncollectible receivables, $8,000. Read the quirments Requirement 1. Journalize all September entries using the allowance method. Bad Debts Expense was estimated at 3% of credt sales. Show all September activity in Accounts Receivable, Alowance for Bad Debts, and Bad Debts Expense (post to these Taccounts). Begin by journaling all September entries using the adowance method (Recond debit, then credits. Select the explanation on the last of the jual entry table) Sales on account, $500,000. Ignore Cost of Goods Sold Accounts and Explanation Sep. 30 Accounts Receivable Debit 560,000 Credi 500,000 Recond sales for the month Clection account, $600,000 Date Accounts and Explanation Debit Credit Sep 30 Cash 06.000 Accounts Receivable 090,000 Colected cash an account. Write-offs of uncollectible receivables $8,000 Help me solve this Demodocs example Get more help. Requirements 1. Jumalize at September entries using the alowwee method. Bad dewas stimated at 3% of credit sales. Show at September activity in Accounts Receivable Alliance Bad Debts, and Bad Debos Expanse (post to Phase T-accounts) 2. Using the same facts, assume that Orchard used the direct write-off method to account for uncollectible receivables. Journalize a September entries using the direct write-off method Poet to Accounts Receivable and Bad Debts Expense, and show their balances at September 30.2010 3. What amount of Bad Detta Expense would Orchard report on is September income stament under each of the two methods? Which amount better matches expanse with revenue? Give your reason 4. What amount of net accounts receivable would Orchard report on to September 30, 2018 balance sheet under each of the two methods? Which amount is more realistic? Give your Print Done