Problem 9-05A a-e At December 31, 2020, the trial balance of Kingbird Company contained the following amounts before adjustment. Debit Credit $389,000 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $1,200 925,800 Based on the information given, which method of accounting for bad debts is Kingbird Company using-the direct write-off method or the allowance method? (b) (c) (d) (e) Prepare the adjusting entry at December 31, 2020, for bad debt expense, assuming an aging schedule indicates that $12,000 of accounts receivable will be uncollectible. Repeat part (b) assuming that instead of a credit balance there is a $1,200 debit balance in Allowance for Doubtful Accounts. During the next month, January 2021, a $3,200 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off Repeat part (d) assuming that Kingbird uses the direct write-off method instead of the allowance method in accounting for uncoflectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles Debit Credit