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Entries for Bad Debt Expense under the Direct Write Off and Allowance Methods The following selected transactions were taken from the records of Shiway Company for the first year of its operations ending December 31 Apr 13 Wrote of account of Dean Shepard, $8.450. May 15 Received $500 as partial payment on the $7,100 account of Dan Pyle Wrote off the retaining balance as uncollectible Suly 27. Received $8.450 from Dean Shepard, whose account had been written oll on April 13, Reinstated the account and recorded the cash recept Deel. We of the following accounts collectible (record as une journal Chapman 52.235 Duane 3,550 Teresa Galloway 4.710 Marty Kity 1.000 1. Il ne record the wedding entry for uncollectible con U is relate Entry and leave the amount of an amount oven ently leave it AD - BASO Bats Heeble Deen Shant 50 DO SO the constance methods and respected to be Concorde 3.778.000 of credits in the 13 Allow for the count Arabian Sheppard 40 X80X Aceh Acerbitante Ilye Ascotecciabilen II II Colt cm Bree Search III II II OIIII II Cachman Danese Amin - Mickey c. How much higher (lower) would Shipway Company's net income have been under the Grect write-off method than under the allowance method Higher by Foad

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