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

$$1,660$ cash in full payment of Arlene's account.

Apr. $3$ Wrote off the $$9,510$ balance owed by Premier GS Co$.,$ which is bankrupt.

July $16$ Received $45\%$ of the $$17,100$ 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 $$2,705$ cash

in full payment.

Dec. $31$ Wrote off the following accounts as uncollectible $($one entry$)$: Cavey Co$.,$ $$7,155$; Fogle Co$.,$ $$2,125$; Lake Furniture, $$5,460$; Melinda

Shryer, $$1,545.$

$31$ Based on an analysis of the $$841,800$ of accounts receivable, it was estimated that $$36,600$ will be uncollectible. Journalized the

adjusting entry.

Required:

Record the January $1$ credit balance of $$34,900$ in a $T$ account presented below in requirement $2b$ for Allowance for Doubtful Accounts.

the year.

Jan. $19-$reinstate

Jan. $19-$collection