Exercise 8-3 The ledger of Elburn Company at the end of the current year shows Accounts Receivable $124,500, Sales Revenue $847,900, and Sales Returns and Allowances $28,600. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) If Elburn uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Elburn determines that T. Thum's $2,400 balance (b) If Allowance for Doubtful Accounts has a credit balance of $3,100 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net (c) If Allowance for Doubtful Accounts has a debit balance of $230 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net is uncollectible sales, and (2) 12% of accounts receivable sales and (2) 6% of accounts receivable