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uantum Solutions Company, a computer consulting firm, has decided to write off the $33,550 balance of an account owed by a customer, Alliance Inc. Required: On March 1, joumalize the entry to record the write-off, assuming that (a) the direct write-off method is used and (b) the allowance methed is used. Refer to the Chart of Accounts for exact wording of account tites. QU Chart of Accounts CHART OF ACCOUNTS Quantum Solutions Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable-Alliance inc. 129 Allowance for Doubtful Accounts EXPENSES 131 Interest Recelvable 510 Cost of Merchandise Sold 132 Notes Recelvable 520 Sales Salaries Expense 141 Merchandise inventory 521 Advertising Expense Qu Chart of Accounts 145 Office Supplies bZ2. Depreciation Expense-Store Equipment 146 Store Supplies 523 Delivery Expense 151 Prepaid Insurance 524 Repairs Expense 181 Land 529 Selling Expenses 191 Store Equipment 530 Office Salaries Expense 192 Accumulated Depreciation-Store Equipment 531 Rent Expense 193 Office Equipment 532. Depreciation Expense-Office Equipment 194 Accumulated Depreciation-Orfice Equipment 533 Insurance Expense 534 Oflice Supplies Expense LIABILITIES 535 Store Supplies Expenso 210 Accounts Payable 536 Credit Card Expense 211 Salaries Payable 537 Cash Short and Over (a) On March 1, joumalize the entry to record the write-off, assuming that the direct write-aff method is used. fefer to the Chart of Accounts for exact wording of acoount thees