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please help!!! The following selected transactions were taken from the records of Rustic Tables Company for the year ending June 8. Wrote off account of

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The following selected transactions were taken from the records of Rustic Tables Company for the year ending June 8. Wrote off account of Kathy Quantel, $8,465. Aug. 14. Received $2,960 as partial payment on the $12,485 account of Rosalie Oakes. Wrote balance as uncollectible. Oct. 16. Received the $8,465 from Kathy Quantel, whose account had been written off on Jund. the account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one joumal entry): Wade Dolan Greg Gagne Amber Kisko Shannon Poole Niki Spence 31. If necessary, record the year-end adjusting entry for uncollectible accounts. Rustic Tables Company prepared the following aging schedule for its accounts receivable: Required: a. Joumalize the transactions under the direct write-off method, Refer to the chart of accounts for the oxc foumals do not use lines for joumal explanations. Every line on a journal page is used for debit or credit indent a credit entry when a credit amount is entered. If no entry is required, simply skip to the next trans b. Journallze the transactions under the allowance method, assuming that the allowance account had a January 1 and the company uses the analysis of receivables method. Fefer to the chart of accounts for ions were taken from the records of Rustic Tables Company for the year ending December 31 : off account of Kathy Quantel, $8,465. ed \$2,960 as partial payment on the $12,485 account of Rosalie Oakes. Wrote off the remaining e as uncollectible. ed the \$8,465 from Kathy Quantel, whose account had been written ofl on June 8. Reinstated pount and recorded the cash receipt. off the following accounts as uncollectible (record as one journal entry): Dolan Tagne Kisko on Poole pence ssary, record the year-end adjusting entry for uncollectible accounts. ed the following aging schedule for its accounts receivable: pions under the direct write-off method. Refer to the chart of accounts for the exact wording of the account tities. for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will autor pa credit amount is entered. If no entry is required, simply sikip to the next transaction. fions under the allowance method, assuming that the allowance account had a boginning credit balance of $35,5. iny uses the analysis of receivables method. Fiefor to the chart of accounts for the exact wording of the acoount se lines for journal explanations. Every fine on a journal page is used for dobit or credit entrins. CNOW ioumals. a. Journalize the transactions under the direct write-off method. Refer to the chart of accounts for the exact wc joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will autom no entry is required, simply skip to the next transaction. b. Jourdailee the transachions under the allowance method, assuming that the alowance accourt had a beging uses the anaysis of cecoivabies method. Aeler to the chart of acoounts for the exact wording of the account af Every tine on a journal page is used for debir or crodit ontrios. CNOW journals will automaticaly indent a credi. simply skip to the next transaction Final Question c. How much higher flowevy would fustic Tables' nef income have been under the direct wrthe-olf method than under the allowance method? assuming that the allowance account had a beginning credit balance of 595,500 on January f and the company of accounts for the exact wording of the account titios. CNOW joumais do not use Anes for jaumal explanatians 55. CNOW jounals will automatically indent a credit entry when al credit amount is antered, df no ontry is requirec Puce 1 Final Question c. How much nigher (dower? would fussic Tabies nat income nave been under the drect write-oe meenod than under the allowanol method

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