1. Record the January 1 credit balance of $50,000 in a T account presented below in requirement 2b Entries Related to Uncollectible Acoounts The following transactions were compleced by the Wuld Trout Gallery during the current fiscal year ended December 31 : Jon. 19 Reinstated the account of Arlene Gurley, which had been written off in the preceding year ss uncollectible. Journalized the receipt of $2,660 cash in fill payment of Arlene's account. Ape. 3 Wrote off the $12,750 bolance owed by fremier GSC0, which is bankrupt July 16 Received 25\% of the $22,000 balance owed by Hayden Co, a bankrupt business, and wrote off the remainder as uncoliectibie. Nov. 23 Reinstated the account of Harry Cars, which had been written off two years earliet as uncollectible. Mecorded the recept of $4,000 cash in full payment. Dec; 31 Wrote off the billowing accounts as uncollechble (one entry): Cavey Co, $3,300; fogle Co. $8,100; Lake Furniture, $11,400; Melinda Shryer, $1,200 31 Dased on an analyes of the $2,350,000 of accounts receivable, it was estimated that $60,000 will be uncollectible. Journalized the adjusting entry