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Customer Shawn Brooke Eve Denton Art Malloy Cassie Yost Amount $11,800 11,000 15,100 2,800 $40,700 Total a. Journalize the write-offs under the direct write-off method.
Customer Shawn Brooke Eve Denton Art Malloy Cassie Yost Amount $11,800 11,000 15,100 2,800 $40,700 Total a. Journalize the write-offs under the direct write-off method. If 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 uncollectible accounts. The company recorded $2,800,000 of credit sales during thie year. Based on past history and industry averages, 1 3/4% of credit sales are expected to be uncollectible. For a compound transaction, if an amount box does not require an entry leave it blank Write-offY Adjustment c. How much higher(lower) would Casebolt Company's net income have been under the direct write-off method than under the allowance method? by
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