Calculator 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, $8,450 May 15. Received $500 as partial payment on the $7,100 account of Dan Pyle. Wrote off the remaining balance as uncollectible. uly 27. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Received $8,450 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash receipt. Paul Chapman $2,225 3,550 4.770 1,275 1,690 Duane DeRosa Teresa Galloway Ernie Klatt Marty Richey If necessary, record the year-end adjusting entry for uncollectible accounts. 31. If no entry is required, select "No entry" and leave the amount boxes blank. For compound entries, if an amount box does not require an entry, leave it blank. a. Jounalize the transactions under the direct write-off method. Apr. 13 Previous Check My Work 3-52 PM 40 2019 A