a. Journalize the write-offs under the direct write-off method. If an arnount bos does not require an entry, leave it biank. b. Joumalire the write-offs under the allowance method: Aso, journalize the adjusting entry for uncollectble accounts. The company recorded s5, 250,000 of credit sales during the year. Based on past history and industry averages, 3/4\% of credit sales are expected to be uncollectible. If an amount box does not require an entry leave it biank. b. Journalize the write-offs unider the allowance method. Also, joumalize the adjusting entry for uncollectible accounts. The company recorded $5,250,000 of credit sales during the year. Based on past history and industry averages, 3/4\% of credit sales are expected to be uncoliectible, If an amount box does not require an entry. leave it blank. c. How much higher (Iower) would Casebolt Company's net income have been under the direct write off method than under the allowance methoo? by 1