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Morry Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Journalize the write-offs for the

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Morry Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Journalize the write-offs for the current year under the direct write-off method. If an amount box does not require an entry, leave it blank. Journalize the write-offs for the current year under the allowance method. Also, Journalize the adjusting entry for uncollectible receivables assuming the company made $2, 400,000 of credit sales during the year and the industry average for uncollectible receivables is 1.50% of credit sales. If an amount box does not require an entry, leave it blank

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