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2. b. Post each entry that affects the following T accounts and determine the new balances: 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). $ $5,720,000 for the year, determine the following: a. Bad debt expense for the year. $ b. Balance in the allowance account after the adjustment of December 31 . $ c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). $ The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31: January 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $1,830 cash in full payment of Arlene's account. April 3. Wrote off the $10,490 balance owed by Premier GS Co., which is bankrupt. July 16 . Received 30% of the $18,800 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 $2,985 cash in full payment. December 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., \$7,885; Fogle Co., \$2,340; Lake Furniture, $6,020; Melinda Shryer, \$1,700. December 31. Based on an analysis of the $926,900 of accounts receivable, it was estimated that $40,300 will be uncollectible. Journalized the adjusting entry. Required