Entries Related to Uncollectible Accounts The following transactions were completed by The 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 $2,505 cash in full payment of Arlene's account. Apr. 3 Wrote off the $14,350 balance owed by Premier GS Co, which is bankrupt. July 16 Recelved 25% of the $25,800 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 $4,085 cash in full payment. Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey co., $10,795; Fogle Co., $3,205; Lake Furniture, $8,240; Melinda Shryer, $2,330. 31 Based on an analysis of the $1,269,600 of accounts receivable, it was estimated that $55,200 will be uncollectible, joumalized the adjusting entry. Reouired: 2. b. Post each entry that affects the following T accounts and determine the new balances: 3. Determine the expected net realizabie Wilue of the aceounts receivable as of December 31 (after all of the adjustme X 4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of recelyablee, the adjusting Y/2 of 19 of the sales of $7,840,000 for the year determine the following: 3. Determine the expected net realizablo value of the accounte recolvable as of December 31. (after alf of the adiuitments andi the adtuisting entrnge x 4. Assuming that instead of basing the provislon for uncollectible acceunts on an analysis of rereivablew, that adicuting ofiter on bechimber as had beme baye an int istimated expenise of yz of 1% of the sales of $7,840,000 for the vesr, determine the follosing: 3. Had debt ekpense for the veac. x B. Balance in the allowance account after the adfostment of Decerebel 71 . x x