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, $7,990. May 15. Received $4,000 as partial payment on the $10,630 account of Dan Pyle. Wrote off the remaining balance as uncollectible. July 27. Received $7,990 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Paul Chapman $5,350 Duane DeRosa 4,000 Teresa Galloway 2,400 Ernie Klatt 3,360 Marty Richey 1,200 31, If necessary, journalize the year-end adjusting entry for uncollectible accounts. If no entry is required, select "No Entry Required" 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 May 15 July 27 Check My Work 2 more Check My Work uses remaining MacBook At % 5 6 47 11 8+8 1 B 9 7 ? 13 E R T Y U 1 O P T 3 1 D F G H J K L 01 34 C > A. 3 > B N M * command option RO A 3437 Machook Aur 01 N " 3 4 5 10 G 47 E R T Y U D F G H C > 11 8 0- 9 2 -O 21 o 2 ( P J K L 7 ? x x command option