Entries 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 8. Wrote off account of Kathy Quantel, $6,360. Aug. 14. Received $4,520 as partial payment on the $11,380 account of Rosalie Oakes. Wrote off the remaining balance as Oct. 16. Received the $6,360 from Kathy Quantel, whose account had been written off on June 8 . Reinstated the account receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): \begin{tabular}{lc} Wade Dolan & $1,840 \\ Greg Gagne & 1,140 \\ Amber Kisko & 4,390 \\ Shannon Poole & 2,540 \\ Niki Spence & 700 \end{tabular} Dec. 31 . If necessary, journalize the year-end adjusting entry for uncollectible accounts. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. 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 8 June 8 Aug. 14 Oct. 16 Oct. 16 Dec. 31 Dec. 31 b. Journalize the transactions under the allowance method, assuming that the allowance account had a balance of $19,080 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: c. How much higher (lower) would Rustic labies net mcome have been under the direct write-off method than under the allowance method