Exercise 8-3 The ledger of Crane ASA at the end of the current year shows Accounts Receivable C149,200, Sales Revenue E846,600, and Sales Returns and Allowances E33,800. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) If Crane uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Crane determines that T. Thum's C2,500 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of E3,100 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 2% of net sales, and (2) 11% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of C300 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net sales and (2) 7% of accounts receivable. Date Account Titles and Explanation Debit Credit (a) Dec. 31 (b) (1) Dec. 31 (2) Dec. 31 (c) (1) Dec. 31