Entries for Bad Debt Expense Under the Direct Write-Off and Allowance Methods: The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31 : June 8. Wrote off account of Kathy Quantel, $4,910. Aug. 14. Received $3,490 as partial payment on the $8,790 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $4,910 from Kathy Quantel, whose account had been written off on June 8. Reinstated the account and recorded the cash receipt. Dec. 31 Wrote off the following accounts as uncollectible (record as one journal entry): Dec. 31 If necessary, record the year-end adjusting entry for uncollectible accounts. Rustic Tables Company prepared the following aging schedule for its accounts receivable: For those amount boxes in which no entry is required, leave the box blank. If an account is not required, select "No entry" from the dropdown box(es) b. Journalize the transactions under the allowance method ateuming that the allowance account had a beginning credit balance of $14,730 on January 1 and c. How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method? by