Entries for Bad Debt Expense under the Direct Write-Off and Allowance Method Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Amount Shawn Brooke $12,400 Eve Denton 11,600 Art Malloy 15,800 Cassie Yost 3,000 Total 42,800 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. 42.91 redit sales during the year. b. Journalize the write-offs under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $2,910,000 of credit sales during the year. Based on past history and industry averages, 1-3/4% of credit sales are expected to be uncollectible. If an amount box does not require an entry, leave it blank. Write-off Adjustment 6. How much higher (lower) would Casebolt Company's net income have been under the direct write-off method than under the allowance method by