The ledger of larkspur company at the end of the current year shows

Current Attempt in Progress

The ledger of Larkspur Company at the end of the current year shows Accounts Receivable $$93,000,$ Credit Sales $$820,000,$ and Sales Returns and Allowances $$35,000.$

$($a$)$ If Larkspur uses the direct write$-$off method to account for uncollectible accounts, journalize the entry if on July $7$ Larkspur determines that Matisse company's $$750$ balance is uncollectible.

$($b$)$ Assume Larkspur uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $$1,500$ in the trial balance, journalize the adjusting entry at December $31,$ assuming bad debts are expected to be $11\%$ of accounts receivable.

$($c$)$ Assume Larkspur uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $$550$ in the trial balance, journalize the adjusting entry at December $31,$ assuming bad debts are expected to be $9\%$ of accounts receivable.

$($List all debit entries before credit entries. 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 $0$ for the amounts.$)$

No$.$ Date

Account Titles and Explanation

Debit

Credit

$($a$)$ July $7$

$($b$)$ Dec. $31$