following selected transactions were taken from the records of Shipway Company for the first year of its operations ending December 31 : pr. 13. Wrote off account of Dean Sheppard, $4,000. Aay 15. Received $2,000 as partial payment on the $5,320 account of Dan Pyle. Wrote off the remaining balance as uncollectible. fuly 27. Received $4,000 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): 31. If necessary, record the year-end adjusting entry for the uncollectible accounts. 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 wnte-off method. iff method. b. Journalize 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, 2% of credit sales are expected to be uncollectible. Shipway Company recorded $975,800 of credit sales during the year. Apr, 13 May 15 July 27 July 27 Dec 31 Dec. 31