Question 6 of 10 View Policies Current Attempt in Progress The ledger of Pina Colada Corp. at the end of the current year shows Accounts Receivable $ 76,000, Credit Sales $812,000, and Sales Returns and Allowances $38.100. Prepare journal entries for each separate scenario below Pina Colada Corp. uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Pina Colada Corp.determines that Matisse's $ 500 balance is uncollectible. (b) Allowance for Doubtful Accounts has a credit balance of $ 1.000 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable. lo Allowance for Doubtful Accounts has a debit balance of $ 499 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. (a) (Credit account elles are automatically Indented when amount is entered. Do not Indent manually) Credit Debit No. Account Titles and Explanation (a) ( c) e Textbook and Media List of Accounts Save forte Attempts:0 of 3 used Submit