Janelle Co Inc, generated $5.5 million in credit sales during the current year. Based on past experience, it is estimated that 1.5% of all credit sales will prove to be uncollectible. The balance of the allowance for doubtful accounts at December 31 is $8,900 credit. Accounts receivable at December 31 consists of the following: Account Classification Amount 1-30 days $850,000 31-60 days 175,000 6190 days 120,000 91-120 days 50,000 Over 120 days 20,000 For each transaction, drag and drop the correct account to debit and the correct account to credit (the dollar amounts are for information only): a) Record the journal entry for bad debt expense for the current year using the percentage of credit sales method. Debit Allowance for Doubtful Accounts Credit Allowance for Doubtful Accounts b) Janelle Co. has decided to writeoff all the accounts that were over 120 days old. Record the journal entry. Debit Credit c) One of the customers whose $5,000 account was written off, paid Janelle Co. in full. Record the journal entries. Debit Allowance for Doubtful Accounts Credit Allowance for Doubtful Accounts Debit Credit Allowance for Doubtful Accounts Cash Accounts Receivable Bad Debts Expense Sales Revenue