Entries related to uncollectible accounts

TAccounts

Instructions

The following transactions were completed by Daws Company during the current fiscal year ended December $31$ :

Jan. $29$ Received $40\%$ of the $$18,200$ balance owed by Kovar Co$.,$ a bankrupt business, and wrote off the remainder as uncollectible.

Apr. $18$ Reinstated the account of Spencer Clark, which had been written off in the preceding year as uncollectible. Journalized the receipt of $$7,400$ cash in full payment of Clark's account.

Aug. $9$ Wrote off the $$6,465$ balance owed by Iron Horse Co$.,$ which has no assets.

Nov. $7$ Reinstated the account of Vinyl Co$.,$ which had been written off in the preceding year as uncollectible. Journalized the receipt of $$3,830$ cash in full payment of the account.

Dec. $31$ Wrote off the following accounts as uncollectible $($one entry$)$: Beth Connelly Inc., $$7,190$; DeVine Co$.,$ $$5,510$; Moser Distributors, $$9,410$; Oceanic Optics, $$1,205.$

Dec. $31$ Based on an analysis of the $$1,820,500$ of accounts receivable, it was estimated that $$36,410$ will be uncollectible. Journalized the adjusting entry.

Required:

Record the January $1$ credit balance of $$25,415$ in a $T$ account for Allowance for Doubtful Accounts.