3ook Show Me How e following transactions were completed by The Wild Trout Gallery during the current fiscal year ended December 31: Jan. 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $2,290 cash in full payment of Arlene's account. Apr. 3. Wrote off the $13,120 balance owed by Premier GS Co., which is bankrupt. July 16. Received 40% of the $23,500 balance owed by Hayden Co., a bankrupt business, and wrote off the remainder as uncollectible Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $3,735 Nov. 23. cash in full payment Wrote off the following accounts as uncollectible (one entry): Cavey Co.,$9,870; Fogle Co., $2,930; Lake Furniture, $7,535; Melinda Shryer, $2,130. Based on an analysis of the $1,161,500 of accounts receivable, it was estimated that $50,500 will be uncollectible. Journalized the adjusting entry Required: 1. Record the January 1 credit balance of $48,100 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts 2. a. Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Notes for the December 31 adjusting entry, assume the $1,161,500 balance in accounts receivable reflects the adjustments made during the year, Jan. 19-reinstate Dec. 31. Dec. 31 Jan. 19.collection o Apr. 3 July 16 W 1 Nov. 23-reinstate Nov. 23-collection