Ruste Tables Company prepared the following aging schedulo for is accoums recoivable: c. How much higher (lower) would Rustic Tables' net income have beon undor the direct writo-off method than under the allowance method? by b. Joumadice the fransactions under the allowance method assuming that the allowance account had a beginning batance of $35,000 and the company uses the analysis of rectiven method b. Joumalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of receivables method. ASSETS 110 Cash 111 Pethy Cash 121. Accounts Receivable-Wade Dolan 122 Accounts Receivable-Greg Gagne 123 Accounts Recelvable-Amber Kisko 124 Accounts Receivable-Rosale Oakes 125 Accounts Receivable-Shannon Poole 126 Accounts Receivable-Kathy Quantel 127 Accounts Recervable-Niki Spence 129 Allowance for Doubtul Acoounts 131 Interest Receivabie 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation-Otfice Equipment REVENUE 410 Sales 610 interest Revenue EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Otfice Equipment 533 insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABUITIES 210 Accounts Payable 211 Safaries Payable 213 Sales Tax Payable 214 Interest Payable 216 Notes Payable EOUITY 310 Common Stock 311 Retained Earnings 312 Dividends Rustic Tables Company prepared the following aging schedule for its accounts recelvable: fequired: a. Joumalce the transactions under the direct writo-off method b. Joumalize the transactions under the allowance mothod, assuming that the allowance account had a beginning balance of $35,000 and the company uses the analysis of ceneivables method. c. How much higher (lower) would Rustic Tables'net income have been under the direct write-off method than under the allowance method