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Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Shawn Brooke Amount Eve

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Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Shawn Brooke Amount Eve Denton Art Malloy Cassie Yost Total $4,650 5,180 11.050 9,120 $30,000 a. Journalue the write-offs under the direct write-off method. If an amount box does not require an entry leave it blank t. Journalize the write-offs under the wilowance method. Also, Jumalve the wusting entry for collectible accounts. The company recorded 55,250,000 of credit sales during the hat. Howed on past history and industry everages, we of crudeles are expected to be uncollectible. It an amount box does not require an entry, leave it blank b. Journalize the write-offs under the allowance method. Also, journalize the adjusting entry for collectible accounts. The company recorded $5,250,000 of credit sales during the year. Based on past history and industry averages, 3/4% of credit sales are expected to be uncollectible. If an amount box does not require an entry, leave it blank, II II How much higher (lowee) would Casebolt Company's net income have been under the direct write-off method than under the allowance method by

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