On April 12, Maddox Company declared a $2,000 account receivable from the Word Company as uncollectible and wrote off the account. On December 5. Maddox received a $600 payment on the account from Ward. a. Assume that Maddox uses the allowance method of handling credit losses. Prepare the journal entries to record the write-off and the subsequent recovery of Ward's account. b. Assume that Maddox uses the direct write-off method of handling credit losses. Prepare the journal entries to record the write-off and the subsequent recovery of Ward's account. c. Assume that the payment from Ward arrives on the following January 18, rather than on December 5 of the current year. (1) Prepare the journal entries to record the write-off and subset recovery of Wards account under the allowance method. (2) Prepare the journal entries to record write-off and subsequent recovery of Ward's account under the direct write-off method