On August $31,2023,$ ABC Supply had a $$120,000$ debit balance in Accounts Receivable and a $$3,600$

credit balance in Allowance for Bad Debts.

During September, ABC made:

$2$ Sep, Sales on account, $$340,000.($Ignore Cost of Goods Sold and Inventory entry$).$

$10$ Sep, Collections on account, $$484,000.$

$15$ Sep, Write$-$offs of uncollectible receivables, $$4,000.$

Instructions

Journalize all September entries using the allowance method. Bad debts expense was estimated

at $2\%$ of credit sales. Show the balance of all September activity in Accounts Receivable,

Allowance for Bad Debts, and Bad Debts Expense ledgers at September $30,2023.$