Entries for Bad Debt Expense Under the Direct Write-Off and Alowance Methods The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 311 June 8. Wrote oif account of Kathy Quantel, $8,770, Aug. 14. Recelved $6,230 as partial payment on the $15,700 account of Rosalie Oakes. Wrote off the remaining bolance as uncollectible. Oct. 16. Received the $8,770 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: 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) a. Journalize the transactions under the direct write-off method: b. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning credit balance of $26. 310 on january 1 and the How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method? by