Question 3 View Policies Current Attempt in Progress At December 31, 2020, the trial balance of Pharoah Company contained the following amounts before adjustment. Credit Debit $379,000 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $1,500 923.800 Based on the information given, which method of accounting for bad debts is Pharoah Company using-the direct write-off method or the allowance method? e Textbook and Media (b) Prepare the adjusting entry at December 31, 2020, for bad debt expense, assuming an aging schedule indicates that $10,700 of accounts receivable will be uncollectible. (c) Repeat part (b) assuming that instead of a credit balance there is a $1,500 debit balance in Allowance for Doubtful Accounts (d) During the next month, January 2021, a $3,400 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (e) Repeat part (d) assuming that Pharoah uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles Debit Credit Tevthank and Media