Entries for bad debt expense under the direct write-off and allowance methods Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31: Customer Kim Abel Lee Drake Amount $24,300 32,000 Jenny Green 29,800 Mike Lamb 18,000 Total $104,100 The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number Receivables Balance Estimated Percent of of Days Past Due) on December 31 Uncollectible Accounts 0-30 days $730,000 1% 31-60 days 290,000 2 61-90 days 110,000 15 91-120 days 80,000 30 More than 120 days 91,000 60 Total receivables $1,301,000 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. Bad Debt Expense Accounts Receivable-Kim Abel Accounts Receivable-Lee Drake Accounts Receivable-Jenny Green Accounts Receivable-Mike Lamb Feedback Check My Work 103,100 X 0 0 24,300 0 31,195 X 0 29,715 X 17,890 X b. Journalize the write-offs and the year-end adjusting entry under the allowance method, assuming that the allowance account had a beginning balance of $89,800 and the company uses the analysis of receivables method. If an amount box does not require an entry, leave it blank. Allowance for Doubtful Accounts Accounts Receivable-Kim Abel 0 24,300 Accounts Receivable-Lee Drake Accounts Receivable-Jenny Green Accounts Receivable-Mike Lamb Bad Debt Expense Allowance for Doubtful Accounts 0 31,195 X 29,715 X 17,890 X 0