The ledger of Wildhorse Co. at the end of the current year shows Accounts Receivable $72,000, Credit Sales $824,000, and Sales Returns and Allowances $38,200. Prepare journal entries for each separate scenario below. (a) If Wildhorse Co. uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wildhorse Co. determines that Matisses $500 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $900 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $514 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable.