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 $21,550 33,925 Lee Drake Jenny Green Mike Lamb 27,565 19,460 $102,500 Total The company prepared the following aging schedule for its accounts receivable on December 313 r Aging Claes of ways Past Due) Receivables Balance on December Estimated Percent of Uncollectible Accounts 31 CCOU $715,000 310,000 0-30 days 31-60 days 61-90 days 91-120 days 102,000 76,000 97,000 More than 120 days box do Check My Work 2 more Check My Work uses remaining Previous Next Total receivables $1,300,000 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave thank dropdown b. Journalize the write-offs and the year-end adjusting entry under the allowance method, assuming that the allowance account had a beginning credit balance of $95,000 on January 1 and the company uses the analysis of receivables method. For a compound transaction, if an amount box does not require an entry, leave it blank. Write-off Adjustment Check My Work 2 more Check My Work uses remaining