Entries for Bad Debt Expense under the Direct Write-off and Allowance Methods The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending December 31: Apr. 13. Wrote off account of Dean Sheppard, $2,920. May 15. Received $1,460 as partial payment on the $3,880 account of Dan Pyle. Wrote of the remaining balance as uncollectible. July 27. Received $2,920 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash receipt. Dec. 31. Wrote of the following accounts as uncollectible (record as one journal entry): Paul Chapman $1,960 Duane De Rosa 1,460 Teresa Galloway 880 Ernie klatt 1,230 Marty Richey 440 31. If necessary, record the year-end adjusting entry for the uncollectible accounts. 2.920 2,920 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-off method. Apr. 13 Bad Debt Expense Accounts Receivable-Dean Sheppard May 15 Allowance for Doubtful Accounts x No entry x Accounts Receivable-Dan Pyle v July 27 Accounts Receivable-Dean Sheppard Bad Debt Expense July 27 Cash Accounts Receivable-Dean Sheppard II IIIIII II II III IO Dec 31 Bad Debt Expense Accounts Receivable-Paul Chapman 100 II II II.1.1 II Accounts Receivable-Duane DeRosa Accounts Receivable-Teresa Galloway Accounts Receivable-Ernie klatt Accounts Receivable-Marty Richey Dec. 31 Jumatieme under the word. Geert of one of the serpente Cantonery naby dom, 2 Werner Sway Company recorded 713,230 creding beyo Marts 14 01 III II ID II II III III Ivy 27 27 : herche