Entries for Bad Dobt 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, 58,510 . Aug. 14. Received $6,040 as partial payment on the $15,230 account of Rosalie Oakes, Wrote off the remaining balance as uncollectible. Oct. 16. Received the $8,510 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. 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). a. Journalize the transactions under the direct write-off method. b. Joumalize the transactions under the ellowance method, assuming that the allowance account had a beginning credit balance of 525,530 on January 1 and the company uses the analysis of receivables method. b. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning credit baiance of $25,530 on january 1 and the company uses the analysis of receivables method. June 8. Aug. 14 Oct,16-reinstote Oct, 16-collection Dec. 31-write-off Dec. 31 -adjusting c. How much higher (lower) would Rustic Tables" net income have been under the direct write-aft method than under the aliowance method? by