Question

The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending December 31: Apr. 13. Wrote off account of Dean Sheppard, $8,450. Received $500 as partial payment on the $7,100 account of Dan Pyle. Wrote off the remaining balance as uncollectible. May 15. July 27. Received $8,450 from Dean Sheppard, whose account had been written off on April 13. Reinstated the account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Paul Chapman $2,225 Duane DeRosa 3,550 Teresa Galloway 4,770 1,275 Ernie Klatt 1,690 Marty Richey 31. If necessary, record the year-end adjusting entry for uncollectible accounts. 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 a. Journalize the transactions under the direct write-off method Apr. 13 May 15 Previous Next 3 more Check My Work uses remaning Check My Work 10:16 A Submit Assignment for Fr Save and Ekit Email iristriuctor 11/7/20 work saved S

please help me solve this, part a is in first picture part b in 2nd picture and part c in the 3rd

Answer 1

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Part a
Apr 13	Bad Debt Expense	$                 8,450
	Accounts Receivable		$             8,450
May 15	Cash	$                     500
	Bad Debt Expense	$                 6,600
	Accounts Receivable		$             7,100
Jul 27	Accounts Receivable	$                 8,450
	Bad Debt Expense		$             8,450
Jul 27	Cash	$                 8,450
	Accounts Receivable		$             8,450
Dec 31	Bad Debt Expense	$               13,510
	Accounts Receivable		$           13,510
Part b
Apr 13	Allowance for doubtful accounts	$                 8,450
	Accounts Receivable		$             8,450
May 15	Cash	$                     500
	Allowance for doubtful accounts	$                 6,600
	Accounts Receivable		$             7,100
Jul 27	Accounts Receivable	$                 8,450
	Allowance for doubtful accounts		$             8,450
Jul 27	Cash	$                 8,450
	Accounts Receivable		$             8,450
Dec 31	Allowance for doubtful accounts	$               13,510
	Accounts Receivable		$           13,510
Dec 31	Bad Debt Expense	$               28,335
	Allowance for doubtful accounts		$           28,335
	$3,778,000*0.75%
Part c		Direct W/off	Allowance
	Bad Debt Expense	$               20,110	$           28,335
	Income will be higher by	$                 8,225