debt expense b. Journalize the write-olts under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $5,600,000 of credit sales during the year. Based on past history and industry averages, 1 1/4% of credit sales are expected to be uncollectible. If an amount box does not require an entry, leave it blank Write of Allowance for Doubtful Accounts Accounts Receivable Shawn Brooke Accents Receivable Ive Denton Accounts Receivable Art Malloy Accounts Recewable Cassin Yout Astment Bal Debt Albance for Detrol Accounts Chacht voa Para con How much higher lower) would Casebolt Company's net income have been under the direct write-off method thar under the allowance method? Higher try debt expense b. Journalize the write-olts under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $5,600,000 of credit sales during the year. Based on past history and industry averages, 1 1/4% of credit sales are expected to be uncollectible. If an amount box does not require an entry, leave it blank Write of Allowance for Doubtful Accounts Accounts Receivable Shawn Brooke Accents Receivable Ive Denton Accounts Receivable Art Malloy Accounts Recewable Cassin Yout Astment Bal Debt Albance for Detrol Accounts Chacht voa Para con How much higher lower) would Casebolt Company's net income have been under the direct write-off method thar under the allowance method? Higher try