The December 31, 2020 balance sheet of Mulberry Company had Accounts Receivable of $500,000 and a credit balance in Allowance for Doubtful Accounts of $42,000. During 2021, the following transactions occurred: sales on account $1,400,000; sales returns and allowances, $60,000; collections from customers, $1,280,000; accounts written off $46,000; previously written off accounts of $8,000 were collected. Instructions (a) Journalize the 2021 transactions. (b) If the company uses the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are expected to be 6% of accounts receivable, what is the adjusting entry at December 31, 2021? What is the balance of AFDA? (c) If the company uses the percentage of net sales to estimate bad debt expense and determines that uncollectible accounts are expected to be 8% of net sales, what is the adjusting entry at December 31, 2021? What is the balance of AFDA