for a budiness that uses the allowance method of accounting for uncollectible recivables: Required:(a) Journalize the entries to record the following: (1) Journalize the entries to record the following: (1) Record the adjusting entry at December31, the end of the first fiscal year, to record the bad dept expense.The accounts receivable account has a balance of $800,000, and th contra asset account before adjustment had a debt balance $600. Analysis of the receivables indicate in collectible receivables of $18,000. (2) In march of the next year , the $350 owed by Frank Co. on account is written off as uncollactible. (3). In november of the next year$200 of the Fronk Co. account is reinstated and payment of that amount is received. (4). In december of the next year, $400 is received on the $600 owed by Dodger Co. and remainder is written off as uncollectible. (b) Redo the entries in step (2),(3), and (4) assuming the company uses the direct write off method.