Aug. 14 JEntries for Bad Debt Expense Under the Direct Write-Off and Allowance Method The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June & Wrote off account of Kathy Quantel, $7,140. Received $5,070 as partial payment on the $12,780 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. oct. 16. Received the $7,140 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): Wade Dolan 52,070 Greg Gagne Amber Kiske Shannon Poole Na Spence 790 04. 3. If necessary, record the year-end adjusting entry for uncollectible accounts. If no entry is required, select "No entry" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. a. Journalize the transactions under the direct write-off method. June 1 III II II IIIIII II Entries for Notes Receivable, Including Year-End Entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 2017 Received from Unitarian Clothing and Bags Co., on account, a $60,000, 60-day, 8% Dec. 7. December 7. Recorded an adjusting entry for accrued interest on the note of December 7. Recorded the closing entry for interest revenue. 2048 Feb. 5. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume February has 28 days in 2018 If required, round the interest to the nearest cent. 2047, Dec. 7 Dec. 31 Dec 31 2018 Feb. 5