On August 31, 2018. Melrose Floral Supply had a $135.000 debit balance in Accounts Receivable and a $5,400 credit balance in Allowance for Bad Debts. During September Melrose made Sales on account, $520.000. Ignore Cost of Goods Sold Collections on account. $582,000 .Write-offs of uncollectible receivables. $6,500 Read the resuirements Requirement 1. Journalize all September entries using the allowance method Bad Debts Expense was estimated at 3% of credit sales Show all September activity in Accounts Receivable. Allowance for Bad Debts and Bad Debts Expense (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 fast in of the journal entry table) Sales on account. $520,000. Ignore Cost of Goods Sold Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Peper This Test: 100 pts On August 31, 2018, Melrose Floral Supply had a $135.000 debit balance in Accounts Receivable and a $5.400 credit balance in Allowance for Bad Detts Dure September, Melrose made Sales on account. $520,000. Ignore Cost of Goods Sold . Collections on account, $582,000 .Write-offs of uncollectible receivables, $6,500 Read the requirements 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 Choose from any list or enter any number in the input fields and then continue to the next question rekooper Your Sy DOLL Dites F FYO FO FB F7 F6 F5 F4 F2 F3 F1 3 Esc -- AE % 5 8 6 2 3 ERT Time Remaining: 02:11:49 Submit Test 5 of 5 (2 complete) This Test: 100 pls possible On August 31, 2018. Melrose Floral Supply had a $135,000 debit balance in Accounts Receivable and a $5.400 credit balance in Allowance for Bad Debes. During September, Melrose made Sales on account, $520,000. Ignore Cost of Goods Sold . Collections on account, $582,000 Write-offs of uncollectible receivables. $6,500 Read the requirements Post all September entries in the appropriate T-accounts and calculate the ending balance in each account (Enter the beginning bace poble. The post the transactions and calculate the account balance at September 30, 2018) Accounts Receivable Allowance for Bad Debts Choose from any list or enter any number in the input fields and then continue to the next question Your Systems DELL ENO P 542 F1 49 FB F6 F7 F5 F1 F2 F3 FA 140 A & * @ % 5 # 3 9 8 0 6 2 This Test: 100 pls possible On August 31, 2018, Melrose Floral Supply had a $135,000 debit balance in Accounts Receivable and a 55.400 credit balance in Allowance for Bad Don Dung September, Melrose made Sales on account. $520,000. Ignore Cost of Goods Sold Collections on account. $582,000. Write-offs of uncollectible receivables. $6,500 Read the requirements Bad Debt Expense D Choose from any list or enter any number in the input fields and then continue to the next question Your System St DOLL FVO F7 F6 F5 F4 F3 F2 F1 Esc A & 0 a un de 7 w # B 6 4 2 Yulo E RT {
