1. The ledger of J.C. Cobb Company at the end of the current year shows Accounts Receiv- able $150,000, Sales Revenue $850,000, and Sales Returns and Allowances $30,000. INSTRUCTIONS (a) If J.C. Cobb uses the direct write-off method to account for uncollectible accounts journalize the adjusting entry at December 31, assuming J.C. Cobb determines that M.Jack's $1,500 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $2,400 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $200 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 6% of accounts receivable. bloe o dasa mssnt Total Manufacturing Costs Work in Process (January 1) Work in Process (December 31) Cost of Goods Manufactured seinlwoll $120,000 $82,000 $296,000 $98,000 $331,000 $310,000 $463,000 $715,000