At the end of 2022, Carpenter Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2023, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,200. On March 4, 2023, Carpenter Co. receives payment of $6,200 in full from Megan Gray. Prepare the journal entries to record the January 24, 2023 and March 4, 2023, transactions under both the Direct Write off Method and the Allowance Method