The ledger of Hixson Company at the end of the current year shows Accounts Recei

The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120000 Sales $840000 and Sales Returns and Allowances $30000.If Hixson uses the direct write-off method to account for uncollectible accounts journalize the adjusting entry at December 31 assuming Hixson determines that Fells $1400 balance is uncollectible.Date Account/Description Debit CreditDec. 31If Allowance for Doubtful Accounts has a credit balance of $2100 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.Date Account/Description Debit Credit(1) Dec. 31(2) Dec. 31If 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.Date Account/Description Debit Credit(1) Dec. 31(2) Dec. 31