the ledger of costello company at the end of the

Project Description:

the ledger of costello company at the end of the current year shows accounts receivable $110,000, sales revenue $840,000, and sales returns and allowances $20,000.instructions(a) if costello uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at december 31, assuming costello determines that l. dole’s $1,400 balance is uncollectible.(b) if allowance for doubtful accounts has a credit balance of $2,100 in the trial balance, journalize the adjusting entry at december 31, assuming bad debts are expected to be (1) 1% of net sales, and (2) 10% of accounts receivable.(c) if allowance for doubtful accounts has a debit balance of $200 in the trial balance, journalize the adjusting entry at december 31, assuming bad debts are expected to be (1) 0.75% of net sales and (2) 6% of accounts receivable.
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