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, $4,040.

May 15.

Received $2,020 as partial payment on the $5,370 account of Dan Pyle. Wrote off the remaining balance as uncollectible.

July 27.

Received $4,040 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	$2,710
Duane DeRosa	2,020
Teresa Galloway	1,210
Ernie Klatt	1,700
Marty Richey	610

31.

If necessary, record the year-end adjusting entry for the uncollectible accounts.