CALCULATOR The ledger of Monty ASA at the end of the current year shows Accounts Receivable 128.100, Sales Revenue C858,500, and Sales Returns and Allowances 29,700. (Crede account titles are automatically indented when amount is entered. Do not indent manually.) (a) If Monty uses the direct write-off method to account for uncollectible accounts, journakze the adjusting entry at December 31, ang Monty dietamines that Thum's 1,500 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of 2,800 in the trial balance, journalize the adjusting entry at December 31, asuming bad debts are expected to be (1) 3% of net sales, and (2) 11% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of 280 in the trial balance, journalize the adjusting entry at December 31, assuming bad du stare copected to be (1) 2% of net sales and (2) 79 of accounts receivable. Date Account Titles and Explanation (a) Dec. 31 Debit Credit (b) (1) Dec. 31 (2) Dec. 31 (c) (1) Dec 31 (2) Dec 31 BACK NE PRINTER VERSTO Question 2 The ledger of Monty ASA at the end of the current year shows Accounts Receivable 128,100, Sales Revenue 858,500, and Sales Returns ant Allowances 29,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) If Monty uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 21. assumini Monty determines that T. Thum's 1,500 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of C2,800 in the trial balance, Journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 3% of net sales, and (2) 11% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of 280 in the trial balance, journalize the adjusting entry at December 31. au ning bad debts are expected to be (1) 2% of net sales and (2) 7% of accounts receivable. Date Account Titles and Explanation De Credit (a) Dec. 31 Bad Debt Expense Accounts Receivable (b) (1) Dec 31 Bad Debt Expense Allowance for Doubtful Acc (2) Dec 31 Bad Debt Expense Allowance for Doubtful Acc (c) (1) Dec 31 Bad Debt Expense Allowance for Doubtful Acc (2) Dec 11 Bad Debt Expense