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Current Attempt in Progress The ledger of Skysong Company at the end of the current year shows Accounts Receivable $91,000, Credit Sales $820.000, and Sales

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Current Attempt in Progress The ledger of Skysong Company at the end of the current year shows Accounts Receivable $91,000, Credit Sales $820.000, and Sales Returns and Allowances $44,000. (a) If Skysong uses the direct write-off method to account for uncollectible accounts, journalize the entry if on July 7 Skysong determines that Matisse company's $750 balance is uncollectible. (b) Assume Skysong uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $1,400 in the trial balance. journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable, (c) Assume Skysong uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a: debit batance of $500 in the trial balance, journalize the adjusting entry at December 31 , assuming bad debts are expected to be 73 of accounts receivable. (thst all debit entries before credit entries. Credit occount titles ore automatically indented when amount is entered Do not indent manualiy if no entry is required, select "No Entry" for the occount tities and enter Of for the ompunts)

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