Exercise 9-9 (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 $2,700 from Joey Company. May 21 Sal Company unexpectedly receives payment of $2,700 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. A B Required Required Prepare journal entries to record the direct write-off method. View transaction list Journal entry worksheet 2 3 1 > Sal Company determines that it cannot collect its accounts receivable of $2,700 from Joey Company. Note: Enter debits before credits. General Journal Debit Credit Date May 03 Record entry View general journal Clear entry Required A Required B >