NE CALCULATOR HISSAGE NY INSTRUCTOR FULLSCREEN PR?NTERVERSIO" 4BACK Exercise 8-4 The ledger of Whispering Winds Corp, at the end of the current year shows Accounts Recel ; and Sales Returns and Allowances $36,330 vable $72,500, Credit Sales $821,280 Corp, determines that Matisse's $971 balance lis uncolectbet or uncoilectible accounts, journalize the adjusting entry at December 31, assuming Whispering Winds be 9% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of $460 in the trial bal of accounts recelvable (a) If Whispering Winds Corp, uses the direct write-off method to account Journalize the adfust s a credit balance of $1,170 in the trial balance, Journalize the adjusting entry at December 31, assuming bad debts are expected to ance our aize the adjusting entry at Decemberi 1, assuming bad debts are expected to be 8% (c) (Credit account tites are automatically indented when amount is entered, Do not indent manually No. Account Titles and Explanation Debit Credit SHOW LIST DF ACCOUNTS