1. Lamar decides to use the direct write-off method for recording Bad Debts Expense. At the beginning of 2021, Accounts Receivable has a $105,000 balance. The Company noted that in February 2021 that a $2,000 account was uncollectible. What is the journal entry to recognize this? (Chapter 13) 2. If Lamar decides to use the allowance method in problem #1 assuming the same facts, what is the journal entry to post this? (Chapter 13) 3. Lamar uses accrual basis of accounting for all transactions (typically). The CFO asks you which method the Company should use (direct write-off method or the allowance method). Explain which method you recommend and why. (Chapter 13)