Question 2 The ledger of Sheffield ASA at the end of the current year shows Accounts Receivable 123,100, Sales Revenue 848,900, and Sales Returns and Allowances 38,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) If Sheffield uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Sheffield determines that T. Thum's 2,500 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of 2,900 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net sales, and (2) 11% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of 270 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 2% of net sales and (2) 6% of accounts receivable. (c) Debit Credit Date Account Titles and Explanation (a) Dec. 31 (b) (1) Dec. 31 (2) Dec. 31 (c) (1) Dec. 31 (2) Dec. 31