Morry Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer J. Jackson L. Stanton C. Barton S. Fenton Total Required: Amount $10,000 9,500 13,100 7,400 $40,000 a. 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. b. 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 cre c. How much higher or lower would Morry Company's net income have been under the direct write-off method than under the allowance method?

Required