Entries Related to Uncollectible Accounts The following transactions were completed by The Wild Trout Gallery during the current fiscal year ended December 31: Jan. Apri 19 Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $1,575 cash in full payment of Arlene's account. 3 Wrote off the $9,020 balance owed by Premier GS Co., which is bankrupt. July 16 Received 45% of the $16,200 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 $2,565 cash in full payment. Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey Co., $6,790; Fogle Co., $2,015; Lake Furniture, $5,180; Melinda Shryer, $1,465. 31 Based on an analysis of the $800,400 of accounts receivable, it was estimated that $34,800 will be uncollectible. Journalized the adjusting entry Required: 1. Record the January 1 credit balance of $33,100 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 $800,400 balance in accounts receivable reflects the adjustments made during the year. Jan. 19-reinstate Accounts Receivable-Arlene Gurley 1,575 Allowance for Doubtful Accounts 1,575 Jan. 19-collection Cash 1,575 Accounts Receivable-Arlene Gurley 1,575 Apr. 3 Allowance for Doubtful Accounts 9,020 Accounts Receivable-Premier GS Co. 9,020