The following represent different scenarios for Larkspur Company. Prior to any year-end adjusting entries, Larkspur Company...

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The following represent different scenarios for Larkspur Company. Prior to any year-end adjusting entries, Larkspur Company had a balance in Accounts Receivable of $122,000. Credit sales during the period were $730,000, and Sales Returns and Allowances were $16,000. (a) (b) (c) Assume Larkspur Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $870 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of Accounts Receivable. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit The following represent different scenarios for Larkspur Company. Prior to any year-end adjusting entries, Larkspur Company had a balance in Accounts Receivable of $122,000. Credit sales during the period were $730,000, and Sales Returns and Allowances were $16,000. (a) (b) (c) Assume Larkspur Company uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a debit balance of $870 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of Accounts Receivable. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit