thinkwell | student area X Q econ chapter 2 Flashcards | x C Employee Website | Costco x W AW-Ch08 X WAS Assessment Player Too x * Course Hero C assessment.education.wiley.com/was-assessment-player/products/2068fb76-416c-4861-addd-ffe7de7155cb/assessments/231bbe47-1d1f-4156-838b-6d15d4cadc3a/question.. G Tue, Apr 28, 2020, 11:10:18 AM (America/Los Angeles -07:00) Question 11 --/3 View Policies Current Attempt in Progress The ledger of Sheridan Company at the end of the current year shows Accounts Receivable $108,000; Sales Revenue $830,000; and Sales Returns and Allowances $21,900. (a) If Sheridan uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Sheridan determines that L. Dole's $1,000 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $2,600 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $202 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 5% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (a) (b) (c)