*90 ESTOSO higher EX14 Entries for bad debit expense under the direct write-off and allowance berected transactions were taken from the records of Music Tables Company for We of account of the Quante 440 Oct 18 Mecelled the Strom Kathy wante white account had been wen off on June Mested that account and recorded the cash receipt Dec 31. Wrote off the following accounts as uncollectible record as journal entry Wade Dolan 54.600 Greg Gagne 3.600 Amber Kiska 7,150 Shannon Poole 2.975 Niki Spence 6,630 31. If necessary, record the year-end adjusting entry for uncollectible accounts a. Journalize the transactions under the direct write-off method. h. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $36,000 at the beginning of the year and the company uses the analysis of receivables method. Rustic Tables Company prepared the following aging schedule for its accounts receivable: Aging Class (Number of Days Past Due) 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Total receivables Receivables Balance on December 31 $320,000 110,000 24,000 18,000 43,000 $515,000 Estimated Percent of Uncollectible Accounts 196 3 10 33 75 c. How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method? Ace 3 000 party on the 2500 account of Wote the sing