V ef=assignments&takeAssignmentSessionLocator-assignment-take&inprogress=false eBook Show Me How 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 Wrobe off account of Dean Sheppard, $5,270 May 15 Received $2,640 as partial payment on the $7,010 account of Dan Pyle. Wrote off the remaining balance as uncollectible. Received $5,270 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash July 27 receipt Dec. 31 Wrote off the following accounts as uncollectible (record as one journal entry): Paul Chapman $3,530 Duane DeRosa 2,640 Teresa Galloway 1,500 Ernie klatt 2,210 Marty Richey 790 Dec. 31 If necessary, record the year and adjusting entry for the uncollectible accounts For those amount boxes in which no entry is required, leave the box blank. If an entry is not required, select 'No entry from the dropdown box(es) a. Journalize the transactions under the direct write-off method Apr. 13 Activate Windows May 15 July 27-reinstate July 27-collection DULI v1111 Dec. 31-write-off Dec. 31-adjusting Active sonment main.do?invoker=assignments&takeAssignmentSessionlocator assignment-takeinprogress=false eBook 3 Show Me How Calculator b. Shipway Company uses the percent of credit sales method of estimating uncollectible accounts expens. Based on past history and industry averages, 2% of credit sales are expected to be uncollectible. Shipway Company recorded $1,285,200 of credit sales during the year Journalize the transactions under the allowance method. Apr. 13 May 15 Duly 27-reinstate July 27-collection Dec. 31-write-off Activate Windows 11:36 PM 12/2/2019 o de Dec. 31-adjusting income have been under the direct write-off method than under the allowance c. How much higher (lower) would Shipway Company method Activate Windows