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

Entries for Bad Debt Expense under the Direct Write-Off and Allowance Method Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Shawn Brooke Eve Denton Art Malloy Cassie Yost Amount $10,600 9,900 13,500 2,600 36,600 Total a. Journalize the write-offs for under the direct write-off method. If an amount box does not require an entry, leave it blank. b. Journalize the write-offs for under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $2,930,000 of credit sales during the year. Based on past history and industry averages, 1 1/2% of credit sales are expected to be uncollectible. For a compound transaction, if an amount box does not require an entry, leave it blank. Wnite-of Check My Work 1 more Check My Work uses remaining Prevlous Next