ENTRIES FOR BAD DEBT EXPENSE USING DIRECT-WRITE OFF METHOD (10 points) Perry Fireworks uses the direct write-off method. Prepare the journal entries for the following transactions, Date Transaction Mar 17 Sale in the amount of $5,500 to Swish Events on account. (Ignore Cost of Goods Sold part of the transaction. Record the Sale part orly) Jul 4 Wrote of account of Swish Events in the amount of $5,500. Received $1,000 as partial payment on an account receivable for Hot and Cold Plumbing, Wrote off $2,000 which was the remaining balance because they said could not pay Oct 31 Received the $5,500 from Swish Events whose account had been written off on Jul 4. Reinstated the account and recorded the cash receipt Dec 31 Wrote off the following account as uncollectible: California Gurls Apparel $4,000 Sep 3