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Question 20 Thaledoar of Metlock, Int. at the end of the current year shows Accounts Receivable $75,000; Credit Sales $45.000; and Sales Retoms and Allowances

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Question 20 Thaledoar of Metlock, Int. at the end of the current year shows Accounts Receivable $75,000; Credit Sales $45.000; and Sales Retoms and Allowances $13,000 (a) If Mollock uses the direct write-off method to account for uncollectible accounts, Journalize the adjusting entry at December 31, assuming Matlock determines that Maties $700 balance is uncollectible, (b) i Allowance for Doubtful Accounts has a credit balance of $1,200 in the trial balance, Journalize the adjusting entry at December 31, assuming bad debts are expected to be of accounts receivable () Allowance for Doubtful Accounts has a debit balance of $500 in the trial balance. Journalize the adjusting entry at December 1, auming bad debts are expected to be of accounts receivable Prepare Journal entries to record the above transactions(Credit account dities are automatically indented when amount is entered, Davor inden) No Date Account Titles and Explanation Dobit Credit (a) Dec 31 (b) Dec. 31 (c) Dec 31

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