a. Journalize the transactions for 2014 under the direct write-off method.

b. Journalize the transactions for 2014 under the allowance method, assuming that the allowance account had a beginning balance of $12,270 on January 1, 2014, and the company uses the analysis of receivables method.

Entries for Bad Debt Expense Under the Direct Write-off and Allowance Method The following selected transactions were taken from the records of Silhouette Company for the year ending December 31, 2014 Mar. 4 wrote off account of Myron Rimando, $4,090. May 19 Received $2,900 as partial payment on the $7,320 account of Shirley Mason Wrote off the remaining balance as uncollectible. Aug. 7 Received the $4,090 from Myron Rimando, which had been written off on March 4 Reinstated the account and recorded the cash receipt Dec. 31 Wrote off the following accounts as uncollectible record as one journal entry): Brandon Peele $1,190 Clyde Stringer 740 Ned Berry 2,820 Mary Adams 1,640 Gina Bowers 450 Dec. 31 If necessary, record the year-end adjusting entry for the uncollectible accounts. The company prepared the following aging schedule for its accounts receivable Aging Class (Number Receivables Balance Estimated Percent of of Days Past Due) on December 31 Uncollectible Accounts 0-30 days $196,000 3 31-60 days 74,000 61-90 days 23,000 30 91-120 days 9,000 45 More than 120 days 12,000 80 Total receivables $314,000 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)