The ledger of Pina Colada Company at the end of the current year shows Accounts Receivable $76,000, Credit Sales $812,000, and Sales Returns and Allowances $38,100. Prepare journal entries for each separate scenario below.

(a)		If Pina Colada uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15 if Pina Colada determines that Matisses $500 balance is uncollectible.
(b)		If Allowance for Doubtful Accounts has a credit balance of $1,000 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 10% of accounts receivable.

Question 5 of 10 E Credit account titles are automatically indented when amount is entered. Do not inden manually if ne entry is required, select "No Entry for the account titles and enter for the amounts) No. Date Account Titles and Explanation Debit Credit (3 b) pe bere to search O ") de * 67" 09 COM 10/22