The ledger of Hixson Company at the end of the current year shows Accounts Receivable $126,451, Sales $849,603, and Sales Returns and Allowances $37,810. 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 $1,986 balance is uncollectible. Date Account / Description Debit Credit Dec. 31 ______________ $ 1986 Accounts receivable $ 1986 If Allowance for Doubtful Accounts has a credit balance of $3,175 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 If Allowance for Doubtful Accounts has a debit balance of $308 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 0.75% of net sales and (2) 8% of accounts receivable