EX 8-14. Entries for bad debt expense under the direct write-off and allowance methods Obj. 5 The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June 8. Aug. 14. Wrote off account of Kathy Quantel, $8,440. Received $3,000 as partial payment on the $12,500 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $8,440 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 $4,600 3,600 Amber Kisko 7,150 Greg Gagne I Shannon Poole 2,975 Niki Spence 31. 6,630 If necessary, record the year-end adjusting entry for uncollectible accounts. 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 balance of $36,000 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: