Question 4 ew Policies urrent Attempt in Progress The ledger of Sheridan Company at the end of the current year shows Accounts Receivable $108,000; Sales Revenue $830,000; and Sale Returns and Allowances $21,900. Prepare journal entries for each separate scenario below. (a) If Sheridan Company uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 31, assuming Sheridan Company determines that L. Dole's $1,000 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $2,600 in the trial balance, journalize the adjusting entry at December 31 assuming uncollectible accounts are estimated to be 9% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $202 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectible accounts are estimated to be 5% of accounts receivable