Entries for Bad Debt Expense under the Direct Write-off and Allowance Methods Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Amount Shawn Brooke $8,000 7,400 Eve Denton Art Malloy 10,200 Cassie Yost 1,900 $27,500 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 $2,200,000 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. Write-off 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 s