1. Record the January 1 credit balance of $45,800 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts.

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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 $1,106,300 balance in accounts receivable reflects the adjustments made during the year.

2. b. Post each entry that affects the following T accounts and determine the new balances:

3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). fill in the blank 1 of 1$

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 $6,830,000 for the year, determine the following:

The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31 : January 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $2,180 cash in full payment of Arlene's account. April 3. Wrote off the $12,490 balance owed by Premier GS Co., which is bankrupt. July 16. Received 40% of the $22,400 balance owed by Hayden Co., a bankrupt business, and wrote off the remainder as uncollectible. November 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the reipt of $3,555 cash in full payment. December 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., $9, 395; Fogle Co., $2,790; Lake Furniture, $7,170; Melinda Shryer, $2,025. December 31 . Based on an analysis of the $1,106,300 of accounts receivable, it was estimated that $48,100 will be uncollectible. Journalized the adjusting entry