The ledger of Paxil Company at the end of the current year shows Accounts Receivable $400,000, Sales Revenue 3,500,000, and Sales retums and allowances $90,000 Instructions: Record the following journal entries: 1. If Axel Company uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming the company has determined that customer X's balance of $9.000 is uncollectible. 2. If Allowance for Doubtful Accounts had a credit balance of $3,800 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. 3. If Allowance for Doubtful Accounts had a debit balance of $4,000 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 6% of accounts receivable. Paragraph - B I ELE 7:21 backspace