Print by: Priya Persaud 34065.201902: ACC-101-123-Financial Accounting 1-34065.201902 / Week 10 Homework *Exercise 9-05 a-c The ledger of Sheffield Company at the end of the current year shows Accounts Receivable $148,000, Sales Revenue $841,000, and Sales Returns and Allowances $30,000. Journalize the following independent situations. If Sheffield uses the direct write-off method to account for uncollectible accounts, journalize the uncollectible. (Credit account titles are automatically indented when amount is entered. Do entry at December 31, assuming Sheffield determines that L. Dole's $2,500 balance is not indent manually.) Debit Credit Date Account Titles and Explanation 2500 Dec. 31 Bad Debt Expense 2500 Accounts Receivable If Allowance adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable. (Credit account titles are automatically indented whe manually.) for Doubtful Accounts has a credit balance of $2,200 in the trial balance, journalize the n amount is entered. Do not indent Debit Credit Date Account Titles and Explanation Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts If Allowance for Doubtful Accounts has a debit balance of $260 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable. Credit account titles are automatically ind manually.) automatically indented when amount is entered. Do not indent Debit Credit Date Account Titles and Explanation Dec. 31 Bad Debt Expense llowance for Doubtful Accounts Question Attempts: Unlimited Coyrgt 2000-2019 by John wey & Sons, inc. or related companies Al nghts reserved 3/3