BAD DEBT EXERCISES L. Using allowance method for uncollectible accounts, prepare journal entries for December 31, 2009, May 11, 2010 and June 12, 2010, as follows: On December 31, 2009, when its Allowance for Doubtful Accounts has a credit balance of $1,000, CD Discs estimates that 12% of its accounts recelvable balance of $60,000 will become uncollectlble. Records the nocdssary adjustment to Allowance for Doubtful Accounts. On May 22, 2010, CD Discs determined that Robert Worthy's account was uncoliectible and wrote off $900. Record the Journal entry On June 12, 2010, Worthy paid the amount previously written off. Record the journal entries