E8.7 (LO 2), AP The following represent different scenarios for Emma Company. Prior to any year-end adjusting entries, Emma Company had a balance in Accounts Receivable of $130,000. Credit sales during the period were $730,000, and Sales Returns and Allowances were $18,000. Instructions Record the following independent events. a. If Emma Company uses the direct write-off method to account for uncollectible accounts, journalize the entry if on May 8 Emma determined that Randal Company's $450 balance is uncollectible. b. If Emma Company uses the allowance method to account for uncollectible accounts, journalize the entry if on May 8 Emma determined that Randal Company's $450 balance is uncollectible. c. Assume Emma Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $890 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of Accounts Receivable. d. Assume Emma Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $1,090 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 7% of Accounts Receivable. Determine bad debt expense, and prepare the adjusting entry.

EB.7 (1.02), AP The following represent different scenarios for Emma Company. Prior to ary year end adjusting entries, Emma Company had a batance in Accounts Recelvable of $130,000. Credit sales during the period were $730,000, and Sales Returns and Altowances were $18,000. Instructions Record the following independent events: a. If Emma Company uses the direct write off method to account for uncollectible accounts, journalize the entry if on May 8 Emma determined that Randal Company's $450 balance is uncollectible. b. If Emma Company uses the allowance method to account for uncollectible accounts, fournalize the entry if on May 8 Emma determined that Randal Company's $450 balance is uncollectible. c. Assume Emma Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $890 in the trial balance, journalize the adjusting entry at December 31 , assuming bad debts are expected to be 996 of Accounts Receivable. d. Assume Emma Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $1,090 in the trial balance, journalize the adjusting entry at December 31 , assuming bad debts are expected to be 796 of Accounts Receivable