Entries for Bod 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, $8,270. May 15. Received $4,140 as partial payment on the $11,000 account of Dan Pyle. Wrote off the remaining balance as uncollectible. July 27. Received $8,270 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 $5,540 Duane DeRosa 4,140 Teresa Galloway 2,480 Ernie Klatt Marty Richey 1,240 31. If necessary, record the year-end adjusting entry for the uncollectible accounts.