On $,,$ Wireless had a debit balance in Accounts Receivable. During $,$ the business had sales revenue of $,$ which included in credit sales. Other data for include the$$ following:

a$.$ Collections on accounts$$ receivable, $.$

b$.$ Write$-$offs of uncollectible$$ receivables, $.$Record bad debt expense for by the direct$$ write$-$off method. Use$$ T$-$accounts to show all activity in Accounts Receivable and Bad Debt Expense.

$2.$

Record bad debt expense and$$ write$-$offs of customer accounts for by the allowance method. Use$$ T$-$accounts to show all April activity in Accounts$$ Receivable, Allowance for Doubtful$$ Accounts, and Bad Debt Expense. The unadjusted balance in Allowance for Doubtful Accounts was $($credit$).$ Bad debt expense was estimated at percent of credit sales.

$3.$

What amount of bad debt expense would Wireless report on its income statement under the two$$ methods? Which amount better matches expense with$$ revenue? Give your reason.

$4.$

What amount of net accounts receivable would Wireless report on its balance sheet under the two$$ methods? Which amount is more$$ realistic? Give your reason.

pop$-$up content endsRequirement $2.$ Record bad debt expense and$$ write$-$offs of customer accounts for by the allowance method. Use$$ T$-$accounts to show all April activity in Accounts$$ Receivable, Allowance for Doubtful$$ Accounts, and Bad Debt Expense. The unadjusted balance in Allowance for Doubtful Accounts was $($credit$).$ Bad debt expense was estimated at percent of credit sales.

Begin by journalizing all entries using the allowance method. $($Record debits$$ first, then credits. Select the explanation on the last line of the journal entry$$ table.$)$

$$Write$-$offs of uncollectible$$ receivables, $.$