Your company has $99.250 of sales for the quarter isted below. Al sales are 20 cash and on an account 95 of collected during the following month of sale/remaining her the following month of sales estimated to be collection Under the allowance method. prepare financial statement for the quarter Apr Sales May Sales Pun Sales 5 $ 5 50,000 17.000 99,250 al Under the lowance method, prepare the financial statements for the quarter Balance Sheet A Euty RE Income $ Ending R/E 7) October sales are made up the following sales to customers on account Customer1 5 120,000 Customer $ 200.000 Customer s 180.000 5 500,000 D] I determined that customer las fied for bankruptcy. Under the direct write-off method, prepare the frandal statements Balance Sheet BE Income ARE Labies . Equity ME Nincome + S Ending / Netice 1 26) Your company has 599,250 of sales for the quarter listed below. All sales are 20% cash and 80% on account. 95% of A/Ris collected during the following month of sale; all A/R remaining after the following month of sales is estimated to be uncollectible. Under the allowance method, prepare financial statements for the quarter. 4 5 6 2 Apr Sales May Sales Jun Sales $ $ $ $ 50,000 17,000 32,250 99,250 9 10 a) Under the allowance method, prepare the financial statements for the quarter. 12 10 Balance Sheet Assets 14 15 Liabilities Equity RVE 16 12 S 16 19 20 21 23 30 1 Your company has $99.250 of sales for the quarter isted below. Al sales are 20% cash and Non cout. 95% of AR is colected during the following month of sal al A/kremaining after the following month of sales is estimated to be collect Under the allowance method, prepare financial statements for the quarter. Apr Sales May Sales $ $ $ s 50.000 17.000 32.250 99.250 al Under the lowance method, prepare the financial statements for the quarter Balance Sheet Liables Stof EM RVE 7 Net Income $ Ending R 5 Netinen 30 267) 7 October sales are made up the following sales to customen on account Customer 1 $ 120.000 Customer 2 $ 200.000 Customer $ 180.000 $ 500,000 31 al It is determined that customers has filed for bankruptcy. Under the direct write-off method, prepare the financial statement 14 Balance Sheet Labs Equity RVE income $ Ending R 40 $ Net Income 3.BOBO MC Inventory Fixed Assets Receivable + Edit MacBook Pro esc 20 0 F3 F4 75 @ & 22 21 24 23 76 71 23 20 October sales are made up the following sales to customers on account: Customer 1 $ 120,000 Customer 2 $ 200,000 Customer 3 S 180,000 $ 500,000 30 21 32 a) it is determined that customer 1 has filed for bankruptcy. Under the direct write-off method, prepare the financial statements H 35 Balance Sheet Assets Liabilities Equity 21 R/E AT MC Inventory Fixed Assets Receivable + Edit esc F1 F2 BO F3 DOO OOO FA # $ 2 3 4