The Ledger of Hirsh Company at the end of the current year shows Accounts Receivable $120,000 and Sales $840,000. a) Hinson uses the direct write-off method to account for uncollectible accounts. If Hirsh determines that one of their customers who owed them $1,400 is not going to pay them, journalize the entry on December 31 to recognize this. b) If Hinson was using the allowance method to account for uncollectible accounts, journalize the entry in a) to recognize this write-off of $1,400. c) Hirsh uses the Allowance for Doubtful Accounts method to account for uncollectible accounts. Journalize the adjusting entry on December 31 if the Allowance has a credit balance of $2,100 and the bad debts are assumed to be (1) 1% of Sales, or (2) if bad debts are assumed to be 10% of A/R. (1) 121 d) Hirsh uses the Allowance for Doubtful Accounts method to account for uncollectible accounts. Journalize the adjusting entry on December 31, if the Allowance has a debit balance of $200 and the bad debts are assumed to be (1) 0.75% of Sales, or (2) if they are assumed to be 6% of A/R