c. $9,375 higher EX 8-17 Entries for bad debt expense under the direct write-off and allowance Obj. 5 methods Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: SHOW WOW Customer Shawn Brooke Eve Denton Art Malloy Cassie Yost Total Amount 5.4650 S18 11050 $30,000 a. Journalize the write-offs under the direct write-off method b. Journalize the write-offs under the allowance method. Also, joumalize the adjusting entry for uncollectible accounts. The company recorded $5,250,000 of credit sales during the year. Based on past history and industry averages, of credit sales are expected to be uncollectible. How much higher (lower) would Casebolt Company's net income have been under the direct write-off method than under the allowance method