The ledger of Hixson Company at the end of the current year shows Accounts Receivable $131,300, Sales $843,600, and Sales Returns and Allowances $36,100. If Hixson uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Hixson determines that Fell's $2,400 balance is uncollectible. Date Description/Account Debit Credit Dec. 31 If Allowance for Doubtful Accounts has a credit balance of $2,300 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 2% of net sales, and (2) 12% of accounts receivable. Date Description Debit Credit (1) Dec. 31 (2) Dec. 31 If Allowance for Doubtful Accounts has a debit balance of $260 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1.25% of net sales and (2) 7% of accounts receivable. (Round answers to 0 decimal places, e.g. 125.) Date Description Debit Credit (1) Dec. 31 (2) Dec. 31