Credit Debit $372,000 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $ 1,300 975,200 Based on the information given, which method of accounting for bad debts is Sheffield Company using-the direct write-off method or the allowance method? e Textbook and Media List of Accounts (b) Prepare the adjusting entry at December 31, 2020 for bad debt expense, assuming an aging schedule indicates that $12.400 of accounts receivable will be uncollectible. (c) Repeat part (b) assuming that instead of a credit balance there is a $1.300 debit balance in Allowance for Doubtful Accounts (d) During the next month January 2021, a $3,400 account receivable is written off as uncollectible. Prepare the journal entry to record the write-oft. le) Repeat part (d) assuming that Sheffield uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable Credit account titles are automatically indented when amount is entered. Do not indent manually Debit Credit Account Titles No