Calculator General Journal Final Question Instruction Customer Amount J. Jackson $10,000 L Stanton 9,500 C. Barton 13.100 S. Fenton 7,400 Total $40,000 Required: (1) Journalize the write-offs for the current year under the direct wte-off method (2) Journalize the wnite-offs for the current year under the allowance method Als0, joumalze the adjusting entry for uncollectible receivabi assuming the company made $2.400.000 of credit sales during the year and the industry average for uncolectible recevables is 1.509 credit sales (3) How much higher or lower would Morry Company's net income have been under the direct write-off method than under the allowance m "Refer to the Chart of Accounts for exact wording of account titles Type here to search Ameund. Cretomae General Jounal PAGE 1 JOURNAL CREDIT DEBIT POST, REF DESCRIPTION DATE Bad Debt Expense 1 Al allowance for uncollec a Journalize the write-offs for the current year under the allowance method on December 31. 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 a Type here to search n