Instructions Present the solutions, with appropriate supporting calculations, for each of the following independent problems. The ledger of the Ramirez Company at the end ofthe current year shows Accounts Receivable of $150,000. Instructions (a) If Allowance for Doubtful Accounts has a credit balance of $5,000 in the trial balance and the aging of receivables indicates that bad debts are expected to be 15% of accounts receivable, Journalize the adjusting entry for end of the period. (Show all calculations.) (b) If Allowance for Doubtful Accounts has a debit balance of $3,000 in the trial balance and the aging of receivables indicates bad debts are expected to be 15% of accounts receivable, journalize the adjusting entry for end of the period. Show all calculations.)