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 Lee Drake Jenny Green Mike Lamb $21,550 33,925 27,565 19,460 $102,500 Total The company prepared the following aging schedule for its accounts receivable on December 31: Estimated Percent of Uncollectible Accounts 1% 2 Aging Class (Number of Days Past Due) 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Total receivables Receivables Balance on December 31 $715,000 310,000 102,000 76,000 97,000 $1,300,000 15 30 60 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. b. Jurnalire the writes and the year and adjusting entry under the allowance method, asuming that the allowance account had a beginning credit belance of 195,000 on January and the company uses the analysis of receivables method. If an amount box does not require an entry leave it bank. Wi- Adjustment c. How much higher we would staforth International's met name have been under the allowance method than under the rest of me bor