P-F:9-36B Accounting for uncollectible accounts using the allowance (percent-of-sales) and direct write-off methods and reporting receivables on the balance sheet (Learning Objectives 1, 2,3) On August 31, 2024, Forget-Me-Not Floral Supply had a $140,000 debit balance in Accounts Receivable and a $5,600 credit balance in Allowance for Bad Debts. During September, Forget-Me-Not made the following transactions: - Sales on account, $530,000. Ignore Cost of Goods Sold. - Collections on account, $573,000. - Write-offs of uncollectible receivables, $6,000. Requirements 1. Journalize all September entries using the allowance method. Bad debts expense was estimated at 2% of credit sales. Show all September activity in Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense (post to these T-accounts). Bad debts expense is estimated by the percent - of - sales method. Management estimates that 3% of net credt sales will be uncolectible. Calcuate the anount of bod debes expente for A. $3,990 B. $5,250 c. $3.950 D. $6,150