The ledger of Kingbird Company at the end of the current year shows Accounts Receivable $80,000, Credit Sales $813,000, and Sales Returns and Allowances $40,000. Prepare journal entries for each separate scenario below.

(a)		If Kingbird uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15 if Kingbird determines that Matisses $1,300 balance is uncollectible.
(b)		If Allowance for Doubtful Accounts has a credit balance of $1,200 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 11% of accounts receivable.
(c)		If Allowance for Doubtful Accounts has a debit balance of $499 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 8% of accounts receivable.

Question 2 of 9 - 75 E View Policies Current Attempt in Progress The ledger of Kingbird Company at the end of the current year shows Accounts Receivable $80,000, Credit Sales $813.000, and Sales Returns and Allowances $40,000. Prepare journal entries for each separate scenario below. (a) (b) If Kingbird uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15 if Kingbird determines that Matisse's $1,300 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of $1.200 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 11% of accounts receivable, If Allowance for Doubtful Accounts has a debit balance of $499 in the trial balance.journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 8% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) (b) (c) 18 AL