The ledger of Blue Company at the end of the current year shows Accounts Receivable $240,000, Sales Revenue $1,720,000, and Sales Returns and Allowances $80,000. Treat each part below independently. (a) If Blue uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 31 , assuming Blue - determines that Barking Ghosts Company's $2,920 balance is uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)