(The general ledger of the Jumper Incorporated is showing an Accounts Receivable balance of $80,000, Sales Revenue of $650,000, and Sales Returns and Allowances of $30,000). Using the allowance method, if Allowance for Doubtful Accounts has a credit balance of $1,100 in the general ledger, journalize the adjusting entry on December 31, assuming bad debts are expected to be (a) 1% of net sales, and (b) 8% of Accounts Receivable.