Receivables Balance on December 31 Aging Class (Number of Days Past Due) Estimated Percent of Uncollectible Accounts 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days $715,000 310,000 102,000 76,000 97,000 $1,300,000 1% 15 30 60 Total receivables 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 and the year-end adjusting entry under the allowance method, assuming that the allowance account had a beginning balance of $95,000 and the company uses the analysis of receivables method. If an amount box does not require an entry, leave it blank. Write-off