The ledger of Monty Company at the end of the current year shows Accounts Receivable $78,000, Credit Sales $822,000, and Sales Returns and Allowances $38,100. Prepare journal entries for each separate scenario below. (a) (b) If Monty uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15 if Monty determines that Matisse's $500 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of $1,300 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 12% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of $502 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 11% of accounts receivable. (c) (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 Credi (a) Dec. 31 Bad Debt Expense 500 Accounts Receivable (b) Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts (c) Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts