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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 Amount Shawn Brooke $13,800 Eve Denton Art Malloy 12,900 17,600 3,300 Cassie Yost Total 47,600 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 $3,260,000 of credit sales during the year. Based on past history and industry averages, 1-3/4% of credit sales are expected to be uncollectible. If an amount box does not require an entry, leave it blank. Write-off 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 $3,260,000 of credit sales during the year. Based on past history and Industry averages, 1-3/4% of credit sales are expected to be uncollectible. If an amount box does not require an entry, leave it blank Write-off III 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