On Time Shipping uses the direct write-off method in dealing with uncollectible accounts because it is highly unusual that the business ever has bad debts and when it does they are not material in relation to total sales (Click the icon to view the transactions.) 1. 2. Journalize the transactions, What is the major flaw in using the direct write-off method as opposed to the allowance method? October 15, 2019. Shipped goods for Car Specialties on account, $3,600. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit 2019 Oct 15 Transactions May 15, 2020. Received notice of bankruptcy from Car Specialties and wrote off the amount it owed from the October 15 sale 2019 Oct. 15 Shipped goods for Car Specialties on account, $3,600 2020 May 15 Received notice of bankruptcy from Car Specialties and wrote off the amount it owed from the October 15 sale. Journal Entry Date Accounts Debit Credit 2020 May 15 Print Done 2. What is the major flaw in using the direct write-off method as opposed to the allowance method? Choose from any list or enter any number in the input fields and then continue to the next