The ledger of Costello Company at the end of the current year shows Accounts Receivable $121,000, Sales Revenue $854,000, and Sales Returns and Allowances $31,000. If Costello uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Costello determines that L. Dole's $2,100 balance is uncollectible. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 TBad Debt Expense 2,100 Allowance for Doubtful 2,100 If Allowance for Doubtful Accounts has a credit balance of $2,800 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net sales, and (2) 12% of accounts receivable. (credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation (1) Dec. 31 TBad Debt Expense Debit Credit 2,772 Allowance for Doubtfu 2,772 (2) Dec. 31 TBad Debt Expense 2,464 Allowance for Doubtful 2,464 If Allowance for Doubtful Accounts has a debit balance of $300 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 3% of net sales and (2) 8% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation (1) Dec. 31 TBad Debt Expense Debit Credit 291 Allowance for Doubtful 291 (2) Dec. 31 TBad Debt Expense 276