to complete On August 31, 2018, Mulberry Floral Supply had a $170,000 debit balance in Accounts Receivable and a $6,000 credit balance in Allowance for Bad Debts. During September, boy made - Sales on account, $500,000. Ignore Cost of Goods Sold. . Collections on account, $627,000 Write-offs of uncollectible receivables, $2,000 Read the requirements Requirement 1. Joumalize mil September entries using the allowance method. Bad Debts Expense was estimated at 3% of credit sales Show all September activity in Accounts Receivable (post to these T-accounts), Begin by Journalizing all September entries using the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Sales on account, $590,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit Sep. 20 Collections on account. 5627,000 Date Accounts and Explanation Debit Credit Sep 30 Choose from any list or enter any number in the input fields and then continue to the next question Real Write-offs of uncollectible receivables, $2,000. Read the requirements. Write-offs of uncollectible receivables, $2,000. Date Accounts and Explanation Debit Credit Sep. 30 Journalize the Bad Debts Expense for September using the allowance method. Bad Debts Expense was estimated at 3% of credit sales Date Accounts and Explanation Debit Credit Sep. 30 Post all September entries in the appropriate T-accounts and calculate the ending balance in each account. (Enter the beginning balance it applicable. Then post the tra Choose from any list or enter any number in the input fields and then continue to the next question MacBook Ain Post all September entries in the appropriate T-accounts and calculate the ending balance in each account. (Enter the beginning balance ir Accounts Receivable Allowance for Bad Debts Bad Debt Expense Requirement 2. Using the same facts, assume that Mulberry used the direct write-off method to account for uncollectible receivables. Journali Expense, and show their balances at September 30, 2018 Begin by journalizing all September entries using the direct write-off method. (Record debits first, then credits. Select the explanation on the last Sales on account, $590,000. Ignore Cost of Goods Sold Date Accounts and Explanation Credit Debit Choose from any list or enter any number in the input fields and then continue to the next question MacBook Horal Supply had a $170,000 debit balance in Accounts Receivable and a $6,800 credit balance in Allowance for Bud Detti. During Salomber Macerade Sales on account, $500,000. Ignore Cost of Goods Sold. . Collections on account, $627.000 - Write-ots of uncollectible receivables. $2,000 Read the moments Requirement 2. Using the same facts, assume that Mulberry used the direct write-oll method to account for uncollectible receivables. Journalizo al September writerios uning the direct wooted Poe Expense, and show their balances at September 30, 2018 Begin by Journaling all September entries using the direct write-off method. (Record debits first, then credits Select the plantion on the Instiine of the journal entry table) Sales on account, $500,000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Sep 30 Credit Collections on account, 5627.000 Date Accounts and Explanation Sep 30 Debit Credit Choose from any lint or enter any number in the input fields and then continue to the next question MacBook 199 Write-offs of uncollectible receivables, $2,000. Dato Accounts and Explanation Sep 30 Debit Credit Post to Accounts Receivable and Bad Debts Expense and show their balances at September 30, 2018. (Enter the beginning balance il applicable. The post the sun Accounts Recelvable Bad Debt Expense Requirement 3. What amount of Bad Debts Expense would Mulberry report on its September income statement under each of the two methods? Which amount bette Enter the amount of bad debt expense Mulberry would report on its September 30, 2018 income statement under each of the two methods Income Statement (Partial) Allowance Method Direct Write-ot Method Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air 20 131,2018, Mulberry Floral Supply had a $170,000 debit balance in Accounts Receivable and a $8,800 credit balance in Alowance for Bad Debts. During September. More Sales on account, $500,000. Ignore Cost of Goods Sold . Collections on account, 5627,000 .Write-ots of uncollectible receivables, $2,000 Read the requirements Post to Accounts Receivable and Bad Debts Expense and show their balances at September 30, 2018. (Enter the beginning balanced applicable The post the transactions and be Accounts Receivable Bad Debt Expense Requirement 3. What amount of Bad Debts Expense would Mulberry report on its September income statement under each of the two methods? Which amount better matches expense with ever Enter the amount of bad debt expense Mulberry would report on its September 30, 2018 income statement under each of the two methode Income Statement (Partial) Allowance Method Direct Write-on Method Bad Debts Expense Bad Debts Expense under the better matches expense with revenue because the expense is recorded Requirement 4. What amount of net accounts receivable would Mulberry report on its September 30, 2018, balance sheet under each of the two methode? Which amount is more realice you Enter the amount of net accounts receivable Mulberry would report on its September balance sheet under each of the two metodo (Complete all answer boxes. For account with us on Balance Sheet (Partial) Allowance Method Direct Wirts-ON Method Accounts receivable Lass: Allowance for Bad Debts Choose from any list or enter any number in the input fields and then continue to the next question MacBook Bad Debt Expense Requirement 3. What amount of Bad Debts Experise would Mulberry report on its September income statement under each of the two methodu? Which amount better matches Enter the amount of bad debt expense Mulberry would report on its September 30, 2018 income statement under each of the two methods Income Statement (Partial) Allowance Method Direct Write Off Method Bad Debts Expense Bad Debts Expense under the better matches expense with revenue because the expense is recorded Requirement 4. What amount of net accounts receivable would Mulberry report on its September 30, 2018, balance sheet under each of the two methode? Which armourt is mor Enter the amount of net accounts receivable Mulberry wodid report on its September bulance sheet under each of the two methods (Complete all answer boun. For account we Balance Sheet (Partial): Allowance Method Direct Write-Off Method Accounts receivable Lesa: Allowance for Bad Debts Net accounts receivable under the is more realistic because it shows the amount of the receivables that the company Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air