The ledger of Skysong Company at the end of the current year shows Accounts Receivable $81,000, Credit Sales $815,000, and Sales Returns and Allowances $42,000. (a) (b) (c) If Skysong uses the direct write-off method to account for uncollectible accounts, journalize the entry if on July 7 Skysong determines that Matisse company's $750 balance is uncollectible. Assume Skysong uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $1,050 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable. Assume Skysong uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $600 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 7% of accounts receivable.

The ledger of Skysong Company at the end of the current year shows Accounts Receivable $81,000. Credit Sales $815,000, and Sales Returns and Allowances $42,000. (a) If Skysong uses the direct write-off method to account for uncollectible accounts, journalize the entry if on July 7 Skysong determines that Matisse company's $750 balance is uncollectible. (b) Assume Skysong uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $1.050 in the trial balance, journalize the adjusting entry at December 31 , assuming bad debts are expected to be 9% of accounts receivable. (c) Assume Skysong uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $600 in the trial balance, journalize the adjusting entry at December 31 , assuming bad debts are expected to be 7% of accounts receivable