This Test 100 pts poss On August 31, 2016. Howes For Supply had a $100.000 debit balance in Accounts Receivable and a 36.400 credit balance in Alowance for Bad Debts. During September, Hewes made + Sales on account, 500.000 Ignore Cost of Goods sold Collections on account 000 Witos of uncollectie receivables, 55,500 Road the grements Hequiremem 1. Jumalan September entriering the owence method. Bad Debts Expense was estimated at 4% of credite Show all September in Account the Ahmet Had Dete, wd ar Crew post to the accounts) Begin tuming of meeting the one metod. Reconstruite some way ) San wout 0.00 Cost of Goods Sold Data Accounts and explanation Debia Cred 0.00 AUTORI Rehemah Com 000 Dute Cod S10 S. Gollado w 5.500 Data AE Cho Namorado e allowance method. Bad Debts Expense was estimated at 4% of credit sales. Show all September activity in Accounts Rece lowance mot Requirements Id ation 1. Journalize all September entries using the allowance method. Bad debts expense was estimated at 4% of credit sales. Show all September activity in Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense (post to these T-accounts). 2. Using the same facts, assume that Hewes used the direct write-off method to account for uncollectible receivables. Journalize all September entries using the direct write-off method Post to Accounts Receivable and Bad Debts Expense, and show their balances at September 30, 2018 3. What amount of Bad Debts Expense would Hewes report on its September income statement under each of the two methods? Which amount better matches expense with revenue? Give your reason 4. What amount of net accounts receivable would Hewes report on its September 30, 2018, balance sheet under each of the two methods? Which amount is more realistic? Give your reason Explanation Print Done 5.500 and Explanation De Credil umber in the intend then continue to the next question BO 888 . DU 13 # 3 4 % 5 6 & 7 * 8 9 > 0 E R T Y D F G H J K Read the requirements Post all September entries in the appropriate T-accounts and calculate the ending balance in each account. (Enter the beginning balance if applicable. Then post the transa Accounts Receivable Allowance for Bad Debts Bad Debt Expense On August 31, 2018 Hewes For Supply had a $100,000 dobit balance in Accounts Recehabile and a 56.400 credit balance in Allowance for Bad De During September Saison count: $560.000. Ignore Cost of Goods Sold - Collections on account 108.000 Winte-offs of uncodecible receva, SS 500 Read the room Begin by oumalizing a September en ung the direct write-off method Mecord debit first, then select the explanation on the last of the journal writy table Sales on account, 60,000. Cost of Goods sold Date Account and Explanation Debit Credit Sep 30 Collections on count, $500.000 De Accounts and explanation Dubit Credit S30 Weitos func15.00 Accounts and Exation De Credit 30 Choose from any or enteraryumber in the inputs and then continue to weat Guess Mochool 888 2 # 3 4 5 6 & 7 CO+ 9 Q w E 20 T Y A S D F G H J K N v B. N M 0 E R T Y D F G H J K Read the requirements Post all September entries in the appropriate T-accounts and calculate the ending balance in each account. (Enter the beginning balance if applicable. Then post the transa Accounts Receivable Allowance for Bad Debts Bad Debt Expense On August 31, 2018 Hewes For Supply had a $100,000 dobit balance in Accounts Recehabile and a 56.400 credit balance in Allowance for Bad De During September Saison count: $560.000. Ignore Cost of Goods Sold - Collections on account 108.000 Winte-offs of uncodecible receva, SS 500 Read the room Begin by oumalizing a September en ung the direct write-off method Mecord debit first, then select the explanation on the last of the journal writy table Sales on account, 60,000. Cost of Goods sold Date Account and Explanation Debit Credit Sep 30 Collections on count, $500.000 De Accounts and explanation Dubit Credit S30 Weitos func15.00 Accounts and Exation De Credit 30 Choose from any or enteraryumber in the inputs and then continue to weat Guess Mochool 888 2 # 3 4 5 6 & 7 CO+ 9 Q w E 20 T Y A S D F G H J K N v B. N M