Allowance method entries The following transactions were completed by Wid Trout Gallery during the current acal year ended December 313 Jan. 19. Heinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible: Journalized the receipt of 1,305 can install payment or account Apr. 3. Wrote off the $9.140 balance owed by Premier Gsco, which is bankrupt. July 16. Received 25% of the $16,400 balance owed by Hayden Co.. bankrupt business, and wrote of the remainder uncollectie Nov. 23. Reinstated the account of Harry Care Ghich had been written off two years earlier as uncollectie. Recorded the receipt of $2,600 can full swyment Dec. 91. Wrote of the following accounts as uncollectible (compound entry Cavey Co, SS: Pogle Co. 52,040 Lake Future, 3.250 oder 1945 Dec. 31. Based on an analysis of the $100,000 of accounts receivable, it was estimated that $35,200 wit be uncaliectie. Journalised the attinger Requiredi Record the January 1 credit balance of $33,500 in Taccount presented below in requirement 2 for Allowance for best muinta. 1. Journalise the transactions, an amount box does not require an entry, towe it blank, NintosFor the December 31 Gustig entry thume the show at balance in accounts receivable rects the adjustments made during the year Jan. 19 Accounts Receivable-Arlene Gurley 2. b. Post each entry that affects the following T accounts and determine the new balances: Allowance for Doubtful Accounts Apr. 3 Jan. 1 Balance July 16 Jan. 19 Dec. 31 Nov. 23 Dec. 31 Unadjusted Balance Dec. 31 Adjusting Entry Dec. 31 Adjusted Balance 3. Determine the expected net realizable value of the accounts receivabit 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 11 had been don estimated expense of of 19 of the sales of $5,000,000 for the year determine the following Bad debit expense for the year b. Batanet in the allowance account after the advent of December 31 . Expected netre value of the scents receivable as of December 31 Cher of the auments and it