(f) What is the net realizable value of the receivables at the end of the period? 4 The ledger of Macarty Co npany at the end ofthe current year shows Accounts Receivable S78,000 Credit Sales $810,000, and Sales Returns and E8-4 Allowances $40,000 Instructions (o) If Macarty uses the direct write off method to account for uncollectible accounts, joumalize the adjusting entry at December 31, assuming Macarty determines that Matisse's $900 balance is uncollectible (b) If Allowance for Doubtial Accounts has a credia belance of $1,100 im the trial balance,jounalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable