On August 31,2018 Orchard Floral Supply has a $145000 debit balance Accounts Receivable and a 5,800 credit balance in Allowance for Bad Debts. During September, Orchard made:

*Sales one account $570000 Ignore Cost of Goods Sold.

* Collections in account $640,000

* Write offs of uncollectible recoverable a 4,500

Need help with these portions

Post all September entries in the appropriate T-accounts and calculate the ending balance in each account.

Requirement 2. Using the same facts, assume the Orchard used the direct write-off method to account for uncollectible receivables. Journalize all September entries using the direct write-off method. Post Accounts Receivable and Bad Debts Expense, and show their balance at September 30,2018.

1. Journalize all September entries using the allowance method. Bad debts expense was estimated at 3% of credit sales. Show all September activity in Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense (post to these T-accounts) 2. Using the same facts, assume that Orchard used the direct write-off method to account for uncollectible receivables. Journalize all September entries using the direct wnite-off method. Post to Accounts Receivable and Bad Debts Expense, and show their balances at September 30, 2018. 3. What amount of Bad Debts Expense would Orchard report on its September income statement under each of the two methods? Which amount better matches expense with revenue? Give your reason. 4 4. What amount of net accounts receivable would Orchard report on its September 30, 2018, balance sheet under each of the two methods? Which amount is more realistic? Give your reason