I need help with the two blanks in red. I provided the list of possible answers

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I need help with the two blanks in red.

I provided the list of possible answers as well.

Exercise 8-4 Your answer is partially correct. Try again The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $76,000; Credit Sales $874,000; and Sales Returns and Allowances $44,100. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller's (b) If Allowance for Doubtful Accounts has a credit balance of $940 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% (c) If Allowance for Doubtful Accounts has a debit balance of $780 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of $1,000 balance is uncollectible of accounts receivable accounts receivable No. Account Titles and Explanation Debit Credit ead Debt Expense (a) Bad Debt Expense 1000 Accounts Receivable 1000 (b)Interest Receivable 7420 Allowance for Doubtful 7420 (Interest Receivable 7620 Allowance for Doubtful 7620

Explanation / Answer

b) Bad debt expense (db) $7420

c)Bad debt expense (db) $7620

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