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, $$7,510.$

May $15.$ Received $$3,760$ as partial payment on the $$9,990$ account of Dan Pyle. Wrote off the remaining balance as uncollectible.

July $27.$ Received $$7,510$ 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$)$:

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 $27$

July $27$c$.$ How much higher $($lower$)$ would Shipway Company's net income have been

by $

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, $$7,510.$

May $15.$ Received $$3,760$ as partial payment on the $$9,990$ account of Dan Pyle. Wrote off the remaining balance as uncollectible.

July $27.$ Received $$7,510$ 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$)$:

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 $27$