6) Your company has $99.250 of sales for the quarter listed below. All sales are 20% cash and 80% on account. 95% of A/R is collected during the following month of sale, all A/R remaining after the following month of sales is estimated to be uncollectib Under the allowance method. prepare financial statements for the quarter. Apr Sales May Sales Jun Sales 50,000 17.000 32.250 99,250 a) Under the allowance method, prepare the financial statements for the quarter. Balance Sheet Assets Liabilities + Equity RE 7) October sales are made up the following sales to customers on account: Customer1 120,000 Customer 2 200,000 Customer 3 180,000 500.000 It is determined that customer 1 has filed for bankruptcy. Under the direct write-off method, prepare the financial statements Balance Sheet Assets Liabilities Equity RE