Aps: 13 Wrote off account of Dean Sheppard, $8,030 May 15 Received $500 as partial payment on the $7,430 account of Dan Pyle. Wrote off the remaining balance as uncollectible July 27 Received $8,030 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash receiot Required: a. Joumalize the transactions under the direct wnte-off method b. Joumalize the transactions under the allowance method Shipway Company uses the percent of credit sales method of estimating uncollectible accounts expense Based on past history and industry averages, 0.65% of credit sales are expected to be uncollectible Shipway Company recorded $4,046,000 of credit sales during the year c. How much higher (lower) would Shiway Companys net income have been under the direct wnte off method than under the allowance method? a. dourmahke the fransocbons bnder the direct wnie-of melhod Question not attempted. b. Joumalize the trinsactions under the atlowance method Shipwey Covipany asts the pervent of credif sules method of usfimating uncollectible actounts cxpense Based on past histary and Question not attempted How much higher (lower) would Shipway Company's net income have been under the direct write-off method than under the ailowance method? by