Entries for Bad Debt 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, $7,270. Aug. 14. Received $5,160 as partial payment on the $13,010 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $7,270 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. Rustic Tables Company prepared the following aging schedule for its accounts receivable: a. Journalize the transactions under the direct write-off method. I 1 c. How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method? by