Morry Company Wrote Off the Following Accounts Receivable as Uncollectible

Morry Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31: Required:
(a)Journalize the write-offs for the current year under the direct write-off method.(b)Journalize the write-offs for the current year under the allowance method. Also, journalize the adjusting entry for uncollectible receivables assuming the company made $2,400,000 of credit sales during the year and the industry average for uncollectible receivables is 1.50% of credit sales.(c)How much higher or lower would Morry Company's net income have been under the direct write-off method than under the allowance method?

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