1. Record the January 1 credit balance of $37,900 in aT account presented below in requirement 2b for Allowance for Doubtful Accounts 2. a. Journalize the transactions. If an amount box does not require an entry leave it blank. Note: For the December 31 adjusting entry, assume the $915,400 balance in accounts receivable reflects the adjustments made during the year Jan. 19-estate Jan. 19-collection KA 7 ] [n 10 DO O DI O No. 23-collection Dec. off Dec. ting 2. b. Posteach entry that was the following accounts and determine the nel balance Allowance for Doubtful Accounts Dec. M ed Balance expense of the wes of 5.650,000 for the dea thewing MacBook Air command option 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry) 4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated expense of of 1% of the sales of $5.650,000 for the year, determine the following: ..tad de expense for the year b. Balance in the allowance account after the adjustment of December 31 c. Expected netre b e value of the accounts receivable as of December 31 ( er all of the adjustments and the adjusting entry)