Exercise 7-9 (Algo) Comparing direct write-off and allowance method entries LO P1, P2 Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,300 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,300 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method.