TORT B e Expense under the Direct wree off and allowance Methode Apr. 13 Wrote aff account of Dean Sheppard, 57,740. recept $5,190 Paul Chapean Due Del Teresa Galloway medan 2.520 3,250 1.160 the reactions under the direct with method July 27-restate Dec 31 write-off > Dec. 31 adjusting - b. She Company uses the percent of credit sales method of estimating recorded 51,258,600 of credit sales during the year Journalise the transactions under the allowance method. collectible accounts expense. Based on past history and industry averages, 3% of credit sales are expected to be May is May 15 July 27 collection Dec. 21 write off How much higher lower) would Shiway Company's net income have been under the direct write off method than under the lowance method