Sunland Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 15 Established the petty cash fund by writing a check payable to the petty cash custodian for $200. Replenished the petty cash fund by writing a check for $196.70. On this date, the fund consisted of $3.30 in cash and these petty cash receipts: freight-out $93.00, entertainment expense $47.10. postage expense $42.50 and miscellaneous expense $11.40. Increased the amount of the petty cash fund to $305 by writing a check for $105.00 Replenished the petty cash fund by writing a check for $288.10. On this date, the fund consisted of $16.90 in cash and these petty cash receipts: postage expense $139,80, entertainment expense 592.60, and freight-out $54.60. 16 31 (a) Journalize the petty cash transactions (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places. e. 52.75.) Credit Debit Date Account Titles and Explanation Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit At December 31, 2020, the trial balance of Wildhorse Company contained the following amounts before adjustment. Debit Credit Accounts Receivable $398,000 Allowance for Doubtful Accounts $ 1,400 Sales Revenue 918,200 (a) Based on the information given, which method of accounting for bad debts is Wildhorse Company using-the direct write method or the allowance method