Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Exercise 9-05 a-c The ledger of Wildhorse Company at the end of the current year shows Accounts Receivable $138,000, Sales Revenue $852,000, and Sales Returns and Allowances $29,000. Dournalize the following independent situations. Your answer is partially correct. Try again. If Wildhorse uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wildhorse determines that L Dole's $2,400 balance is uncollectible. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Dec. 31 Bad Debt Expense 11100 Allowance for Doubtful Accounts 11100 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. If Allowance for Doubtful Accounts has a credit balance of $2,700 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debt Expense 14020 Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. If Allowance for Doubtful Accounts has a debit balance of $220 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 6% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debt Expense 2400 2400 Accounts Receivable I Click if you would like to Show Wor Accounts Receivable : Open Show Work