The ledger of Kingbird, Inc. at the end of the current year shows Accounts Receivable $80,600; Credit Sales $859,830; and Sales Returns and Allowances $37,000. (a) (b) If Kingbird, Inc. uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Kingbird, Inc. determines that Matisse's $877 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of $1,069 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of $500 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable. (c) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) (c)