Entries for Bad Debt Expense Under the Direct Write-Off and Allowance Methods How do I journalize the year-end adjusting entry for 2014?

Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31, 2014: Customer Amount Kim Abel $ 21,550 Lee Drake 33,925 Jenny Green 27,565 Mike Lamb ... show more Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31, 2014:

Customer Amount
Kim Abel $ 21,550
Lee Drake 33,925
Jenny Green 27,565
Mike Lamb 19,460
Total $102,500

Under the allowance method, assuming that the allowance account had a beginning balance of $95,000 on January 1, 2014, and the company uses the analysis of receivables method.

The company prepared the following aging schedule for its accounts receivable on December 31, 2014:
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