The ledger of Wildhorse Co. at the end of the current year shows Accounts Receivable $81,300; Credit Sales $752,970; and Sales Returns and Allowances $42,680 (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 (b) If Allowance for Doubtful Accounts has a credit balance of $1,024 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts (c) If Allowance for Doubtful Accounts has a debit balance of $450 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts 817 bance is uncollectible. receivable receivable (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit