On May 31, Rosetree Floral Supply had a $160,000 debit balance in Accounts Receivable and a $6,400 credit balance in Allowance for Uncollectible Accounts. During June, Rosetree made Sales on account, $560,000 Collections on account, $601,000. Write-offs of uncollectible receivables, $8,000 1. Record sales and collections on account. Then record uncollectible- account expense (2% of credit sales) and write-offs of customer accounts for June using the allowance method. Show all June activ- ity in Accounts Receivable, Allowance for Uncollectible Accounts, and Uncollectible-Account Expense (post to these T-accounts). 2. Suppose Rosetree used a different method to account for uncol- lectible receivables. Record sales and collections on account. Then record uncollectible-account expense for June using the direct write- off method. Post to Accounts Receivable and Uncollectible-Account Expense and show their balances at June 30. 3. What amount of uncollectible-account expense would Rosetree report on its June income statement under each of the two methods? Which amount better matches expense with revenue? Give your rea- son. 4. What amount of net accounts receivable would Rosetree report on its June 30 balance sheet under each of the two methods? Which amount is more realistic? Give your reason