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 $92,800 and the company uses the analysis of receivables method. If an amount box does not require an entry, leave it blank.c. How much higher (lower) would Seaforth International's net income have been under the allowance method than under the direct write-off method?

Entries for bad debt expense under the direct write-off and allowance methods Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31: Customer Amount Kim Abel $24,400 Lee Drake 35,300 Jenny Green 29,800 Mike Lamb 17,600 Total $107,100 The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number Receivables Balance Estimated Percent of of Days Past Due) on December 31 Uncollectible Accounts 0-30 days $735,000 1% 31-60 days 300,000 2 61-90 days 115,000 15 91-120 days 80,000 30 More than 120 days 94,000 60 Total receivables $1,324,000