Exercise 8-5 ne ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000; Sales Revenue $840,000; and Sales Returns and Allowances $20,000. Prepare journal entries for each eparate scenario below. a) Costello Company uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 31, assuming Costello Company determines that L. Dole's $1,400 balance is uncollectible (b) Illowance for Doubtful Accounts has a credit balance of $2,100 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectible accounts are estimated to be 10% of accounts receivable (c) Nlowance for Doubtful Accounts has a debit balance of $200 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectible accounts are estimated to be 64 of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Accounties and Explanation Debit Credit (D)