Oct.16 Oct. 16 b. Joumalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $26,370 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: Entries for Bad Debt Expense Under the Direct Write-Off and Aliowance 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, 38,790. Aug. 14. Recelved $6,240 as partial payment on the $15,730 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the 58,790 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 yeaf-end adjusting entry for uncollectible accounts. 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-aff mathond b. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $26,370 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