On August 31, 2018, Rosebud Floral Supply had a $170,000 debit balance in Accounts Receivable and a $6,800 credit balance in Allowance for Bad Debts. During September, Rosebud made: Sales on account, $540,000. Ignore Cost of Goods Sold . Collections on account, $581,000 - Write-offs of uncollectible receivables, 50,000 Read the requirements Requirement 1. Joumalize all September entries using the allowance method. Bad Debis Expense was estimated at 4% of credit sale. Show all September activity in Accounts Receivable, Allowance for Bad and Bad Debts Expense post to these T-accounts) Begin by joumalizing all September entries using the allowance method. Record debits first, then credits. Select the explanation on the last line of the journal entry table) Sales on account. $540,000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit Sep 30 Collections on account. $581.000 Date Accounts and Explanation Sep 30 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question On August 31, 2018 Rosebud only had a $170.000 debit balance in Accounts Receivable and a $6,800 credit balance in Alowance for Bad Dobls. During September, Rorbud mate: - Collections on account. $581,000 - Write-offs of uncolectibles receivables 30,000 Read the requirements Collections on count, $581,000. Accounts and Explanation Debe Credit Sep 30 Date Requirements Write-offs of uncollectible receivables59.000 Date Accounts and explanation Sep 30 Debit Credit 1. Journal September entries in the method. Bad debts expense was estimated at 4% of credite Show all September activity in Accounts Receivable, Allowance for Bed Debts, and Bad Debtspanse post to these accounts 2. Using the facts, metha Rossed the direct wete-off method to account for uncollectible cables Joum September entre using the direct wit-off method Post to Accounts Receivable and Bad Debts Expense and show their balances at September 29, 2018 3. What amount of Bad Debts Expense would Robud report on September income statement under each of the two methods? Which amount beter matches expense with your reason 4. What amount of a counted Rosebud report on September 30, 2018 bence sheet under euch of the two methods? Which amount is more the your FOR Choose from any list or enterrumber in the input folds and then continue to the next questio Print Done on August 31, 2018. Rosebud Ford Sedly had a $170.000 debit balance in Accounts Receivable and a $6.000 credt balance in Mowance for Bed Debts. During feptember, Rombud made Sales on account. 540.000. Ignore Cost of Goods Sold - Collections on account, $561.000 Write-offs of uncollectible receivables, 59,000. Read the requires Journalize the Bad Debts Expense for September using the lowance method. Bad Debts Expense was stimated & 4% of credit sales Date Accounts and Explanation Debit Credit Sep 30 Requirements Postal September entries in the appropriate T-scounts and the ending balance in each account (Entert September 30, 2018) 1. Jumalad September entries using the two method. Bad debts expense was estimated at 4% of credit sales Show all September activity in Accounts Receivable, Allowanc for Bad Debts, and Bad Debts Expense post to these accounts) 2. Using the same facts, assume that Rosebud used the direct write-off method to account for uncollectible recevable Joumaliza September entries using the direct write-off method Post to Accounts Receivable and Bad Debts Expense, and show their balances at September 30, 2018 3. What amount of Bad Debit Expense would Rosebud report on its September income stateme under each of the two methods? Which amount better matches expense with revenue? Give your reason 4. What amount of accounts receivable would Rosebud report on September 30, 2018 balance sheet under each of the two methods? Which amount is more realistic? Give your reason Accounts Recevable Allowance for Bad Debts Choose from any list or enter any number in the input fields and then continue to the next question Print Done On August 31, 2018, Rosebud Floral Supply had a $170,000 debit balance in Accounts Receivable and a $6,800 credit balance in Allowance for Bed Debts. During September, Rosebud made Sales on account, $540,000. Ignore Cost of Goods Sold . Collections on account, $581,000 .Write-offs of uncollectible receivables, $9,000 Read the requirement Post all September entries in the appropriate accounts and calculate the ending balance in each count. (Enter the beginning balance of applicable. The post the transactions and calculate the account balance a September 30, 2018.) Accounts Receivable Allowance for Bad Debts Bad Debt Expense Requirement 2. Using the same facts, assume that Rosebud used the direct write-off method to account for collectible receivables. Joumalize i September entries using the direct write-off method. Post to Accounts Receivable and Bad Debts Expense and show their balances at September 30, 2018 Choose from any list or enter any number in the input fields and then continue to the next question August 31, 2018 Rod Porel Seyhedas170.000 debit balance in Accounts Receivable and a $1,800 credt balance in Alowance for Bad Debts. During September, Rombud made Sales on account $540,000. Ignore Cost of Goods Sold - Collections on account, 5581,000 Winte-offs of uncollectible receivables, 50.000 Read the regement Requirement 2. Using the same facts, assume that Rosebud used the direct write-off method to account for uncollectible recibid. Journal September entries using the direct write-off method. Post to Accounts Receivable and Bad Debts Expense and show their balances at September 30, 2018 Begin by oumaring all September entries using the direct write-off method. Record debits first, the credits Select the nation on the line of the jumalatya Sales on account, $540,000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit Sep 30 Collection Account S501,000 Date Account and Explanation Det Credit Sep 30 Choose from any list or enter any number in the input fields and then continue to the next question 0 On August 31, 2018 Rosebud Floral Supply had a $170.000 de balance in Red credence in lowance for ad Debi During ember, Rosebud made Sales on court, 5540,000 ore Cost of Goode - Collections on account, 501.000 Witt-ots of uncollectible receivables 50,000 Read the requirement Collections on account 5501,000 Date Account and Explanation De Crede Sep 30 Witos oncolectiile celebs, 59,000 Date Account and Explanation Se 30 Det Cr Choose from any esto enter a number in the out the On August 31, 2018, Rosebud Floral Spy had a $170.000 debit balance in Accounts Receivable and a $6,000 credt balance in Mowance for Bed Debts. During September, Rosebud made . Collections on account, $581,000 . Witos of uncollectie receivables, 50.000 Read the requirements Post to Accounts Receivable and Bad Debts Expense and show their balances September 30, 2018. (Enter the beginning balance applicable. The post the transactions and collate the account balance of September 30, 2018) Accounts Receivable Bad Debt Expense Requirements. What amount of Bad Debts Expense would Rosebud report on its September income statement under each of the two methods? Which amount better matches expers with revenue? Give your reason Enter the amount of bad debt expense Rosebud would report on September 30, 2018 income statement under each of the two methods Income Statement Partia) Alowance Method Direct We Of Method Bad Debts Expense Bad Debts Expense under the better matches expense with revenue because the expense is recorded Requirement 4. What amount of rat accounts receivable would Rosebud report on September 30, 2018, belance sheet under each of the two methods? Which amount is more realistic? Give your reason Choose from any list or enter any number in the input fields and then continue to the next question On August 31, 2018. Rosebud Floral Supply had a $170.000 debit balance in Accounts Receivable and a $6,800 credit balance in Alowance for Bad Dobes. During September, Rosebud made - Sales on account, $S40.000. Ignore Cost of Goods Sold - Collections on account, $581.000 Write-off's of uncollectible receivables, 59.000 Read the requirements Requirement 3. What amount of Bad Debts Expense would Rosebud report on its September income statement under each of the two methods? Which amount beter matches expense with revenue? Give your reason Enter the amount of bad debt expense Rosebud would report on its September 30, 2018 income statement under each of the two methods Income Statement (Partial) Allowance Method Direct We Of Method Bad Debts Expense Bad Debts Expense under the better matches expens with revenue because the expense is recorded Requirement 4. What amount of accounts receivable would Rosebud report on September 30, 2018, balance sheet underesch of the two methods? Which amount is more realistic? Give your reason Enter the amount of recounts receivable Rosebud would report on its September balance sheet under each of the two methods. (Complete all answer boxes or counts with a $0 balance, make sure to entero" In the appropriate column) Balance Sheet (Partial) Allowance Method Direct Wit-ON Method Accounts receivable Leas: Allowance for Bad Debits Net accounts receivable under the is more realistic because it shows the amount of the receivables that the company Choose from any list or enter any number in the input fields and then continue to the next