stion Help PF9-29A (similar to) On August 31, 2024, Melrose Floral Supply had a $160,000 dobit balance in Accounts Receivable and a $6,400 credit balance in Allowance for Bad Debts. During September Melrose made Sales on account. $530,000 Ignore Cost of Goods Sold Collections on account. $573,000 Whils-gifs of uncollectible receivables $6 500 Read the requirements Requirement 1. Joumalize all September entries using the allowance multiadBac Debts Experise was estimated at 4% of credit sales. Show all September activity in Accounts Recent Allowance for Bad Debts, and Bad Deals Expense post to these T-accounis) Begin by journalizing ali September entries using the slowance method. (Record diabits first, then credits. Select the explanation on the last one of this journal entry table. Sales on account. $530.000 Ignore Dos al Goods Sold Date Accounts and Explanation Debit Requirements Sep 30 Credit 1. Journalize all September entries using the allowance method. Badisce estimated at 4% of credit sales Show all September activity in Accounsele Almance for Bad Debls and Bad Dects Expense past to these account 2. Using the same tacts, assume that we cose used the direct wood bacount for uncollectible receivables. Journalize all September antes de decorathod Post to Accounts Receivable and Bad Debts Expense and show the Sehen 30 2024 3. What amount of Bad Debis Expense would Metrose pot ser alt under each of the two methods which amount beaches and there? Give your reason 4. What amount of net accounts receivable would see on 2004 balance sheet under each of the two method which to our reason Homework: Week Five: Chapter 9 problems Save Score: 0 of 4 pts 1 of 4 (0 completo) HW Score: 0%, 0 of 15 pts PF9-29A (similar to) Question Help On August 31, 2024, Melrose Floral Supply had a $160,000 debit balance in Accounts Receivable and a $6,400 credit balance in Allowance for Bad Debits. During September, Melrose made Sales an account. $530,000. Ignore Cost of Goods Sold Collections on account, $573,000 Write-offs of uncollectible receivables. $6,500 Read the requirements Requirement 1. Journalize al September entries using the albwance method. Bad Debts Expense was estimated at 45 of credit sales. Show at September activity in Accounts Receivable Allowance for Bad Debts, and Bad Debts Expanse (post to these T-accounts) Begin by journalizing af September entries using the allowance method. (Record dobits first, then credits Select the explanation on the last line of the journal entry table.) Sales on account. $530,000. Ignore Cast of Goods Sold Date Accounts and Explanation Debit Credit Sep 30 Choose from any list or enter any number in the input fields and then click Check Answer 12 parts Clear All Check Answer remaining Requirements 1. Journalize all September entries using the allowance method. Bad debts expense was estimated at 4% 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 Melrose used the direct write-off method to account for uncollectible receivables. Journalize all September entries using the direct write-off method. Post to Accounts Receivable and Bad Debts Expense, and show their balances at September 30, 2024. 3. What amount of Bad Debts Expense would Melrose report on its September income statement under each of the two methods? Which amount better matches expense with revenue? Give your reason. 4. What amount of net accounts receivable would Melrose report on its September 30, 2024, balance sheet under each of the two methods? Which amount is more realistic? Give your reason. Print Done TETT UNTUK TIEOKRUISWEI