be 10 or Exercise B-OS The ledger of Marin Inc. at the end of the current year shows Accounts Receivable $87,000; Credit Sales $305,000, and Sales Returns and Allowances 549,000. () Marin uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Marin determines that Matisse's (b) i Allowance for Doubtful Accounts nias a credit balance of $1,500 in the trial balance, Journalize the adjusting entry et December 31, assuming bad debts are expected (C) It Allowance for Doubtful Accounts has a debit balance of $550 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% ar Prepare Journal entries to record the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Tities and Explanation No. Dato Debit Credit (a) Dec.31 (b) Dec. 31 (c) Dec. 31 Click If you would like to show Work for this questions Den Show 1:53