Allowance method entries The following transactions were completed by 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 $1,670 cash in full payment c account. Apr. 3. Wrote off the $9,570 balance owed by Premier GS Co., which is bankrupt. July 16. Received 30% of the $17,200 balance owed by Hayden Co., a bankrupt business, and wrote off the remainder as uncollectible. Nov. 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $2,720 cash in full payment. Dec. 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., $7,200; Fogle Co., $2,140; Lake Furniture, $ 5,495; Melinda Shryer, $1,555. Dec. 31. Based on an analysis of the $848,700 of accounts receivable, it was estimated that $36,900 will be uncollectible. Journalized the adjusting entry. Required: 1. Record the January 1 credit balance of $35,100 in a T 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 $848,700 balance in accounts receivable reflects the adjustments made during the year. Jan. 191 Jan. 19 Apr. 3 July 16 Which of the following is a learned motive