I need to get 100% on this assignment and I am missing some fill-in-the-blanks. Thank you.

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, $6,700. May 15 Received $3,350 as partial payment on the $8,910 account of Dan Pyle. Wrote off the remaining balance as uncollectible. July 27 Received $6,700 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): Dec. 31 If necessary, record the year-end adjusting entry for the uncollectible accounts. For those amount boxes in which no entry is required, leave the box blank. If an entry is not required, select "No entry" from the dropdown box(es). are expected to be uncollectible. Shipway Company recorded $1,089,700 of credit sales during the year. How much higher (lower) would Shipway Company's net income have been under the direct write-off method than under the allowance method? by $x Entries for Notes Receivable Valley Designs issued a 90 -day, 12% note for $48,000, dated April 15, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. b. Determine the maturity value of the note. \$ x Feedback Check My Work The due date is the date the note is to be paid. Remember the interest rate is stated on an annual basis, while the term is expressed as days. Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note. At the due date, the company records the receipt of payment on the note. Learning Objective 6. c1. Journalize the entry to record the receipt of the note by Bork Furniture. paid at the due date of the note. At the due date, the company records the receipt of payment on the note. Learning Objective 6. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank. Feedback Check My Work The due date is the date the note is to be paid. Remember the interest rate is stated on an annual basis, while the term is expressed as days. Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note. At the due date, the company records the receipt of payment on the note. Learning Objective 6. Aging of Receivables; Estimating Allowance for Doubtful Accounts Trophy Fish Company supplies flies and fishing gear products to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y7: The following accounts were unintentionally omitted from the aging schedule: Trophy Fish has a past history of uncollectible accounts by age category, as follows: 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank. Trophy Fish Company Aging of Receivables Schedule December 31, 20 Y7 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. $ Feedback Check My Work 4. Assume that the allowance for doubtful accounts for Trophy Fish has a credit balance of $4,900 before adjustment on December 31 , 20Y7. Journalize the adjustment for uncollectible accounts. Dec. 31 Feedback Check My Work 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? On the balance sheet, assets would be by $ because the allowance for doubtful accounts would be by $ . In addition, the stockholders' equity (retained earnings) would be by $ because bad debt expense would be and net income by $ on the income statement