Allowance method entries The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December $31$: Date Transaction January $19.$ Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $$2,660$ cash in full payment of Arlene's account. April $3.$ Wrote off the $$12,750$ balance owed by Premier GS Co$.,$ which is bankrupt. July $16.$ Received $25\%$ of the $$22,000$ balance owed by Hayden Co$.,$ a bankrupt business, and wrote off the remainder as uncollectible. November $23.$ Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $$4,000$ cash in full payment. December $31.$ Wrote off the following accounts as uncollectible $($compound entry$)$: Cavey Co$.,$ $$3,300$; Fogle Co$.,$ $$8,100$; Lake Furniture, $$11,400$; Melinda Shryer, $$1,200.$ December $31.$ Based on an analysis of the $$2,350,000$ of accounts receivable, it was estimated that $$60,000$ will be uncollectible. Journalized the adjusting entry.