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Entries for Bad Debe Expense under the Direct Write-Off and Allowance Methods The following selected...

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Entries for Bad Debe 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: Apc. 13. Wrote off account of Dean Sheppard, $8,450. Mar 15. Rackived $00 as partial payment on the $7,100 account of Dan Pyle. Wrote off the remaining balance as uncollectible. July 27. Received $8.450 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash receipe. Dec 11. Wrote off the following accounts as uncollectible (record as one joumal entry): 31. If necessark, record the yearend adjusting entry for uncollectible accounts. a. - bourtal ze the vanutctions under the direct writer off method. If no entry is required, select "No Entry" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. z c. How much higher (lower) would Shipway Company's net income have been under the direct write-cif method than under the allowance method? bys x

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