The Darden Company uses the allowance method in accounting for uncollectible accounts. The company uses the percentage-of-sales method to estimate bad debts and experience indicates that 1.5% of net credit sales will eventually be uncollectible. Selected account balances at December 31, 200A, and December 31, 200B, appear below: 12/31/0A 12/31/0B Net Credit Sales $400,000 $500,000 Accounts Receivable 75,000 100,000 Allowance for Doubtful Accounts 5,000 12 Additional Information: Aug. 10, 2008... Determined that the account of Jane Duncan for $1,000 is uncollectible and wrote it off. Sept. 12, 2008.. Determined that the account of Jeff Lynch for $4,000 is uncollectible and wrote it off. Oct. 10, 2008.... Received a check for $550 as payment on account from Jane Duncan, whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November. Nov. 15, 2008... Received a check for $450 from Jane Duncan as payment on her account. Instructions-make sure to answer both (a) and (b). (a) Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2008. Download Excel Spreadsheet and Upload when finished: GENERAL JOURNAL (b) What is the balance of Allowance for Doubtlu Accounts at December 31, 2008? (Show computations)