Feb. 8: Fecelved 45 of the $18,700 balance owed by DeCoy Co., a bankrupt business, and wrote off the remainder as uncollectible. May 27 Relnstated the account of Seth Nelsen, which had been written oft in the preceding year as uncollectible, Joumalzed the recoipt of \$7,270 cash in full payment of Sech's account Aug. 13 Wrote oft the $6,360 balance owed by Kat Tracks Co, which has no assets: Qct. 31 Peinstated the account of Crawloed Co, Which had been writlen oll in the preceding year as uncollectible Joumalized the receipt of $3,975 cash in tull psyment of the account: Dec.31 Wrote off the following accounts as uncollectiole (compound ontry): Newbauer Co, 57,265 ; Bonneville Co, $5,595; Crow Distributers, $9,305; Fiber Optics, $1,150. Dec.31 Based on an analysis of the $1,759,500 of accounts recelvable, it was estimated that $15,190 wil be uncollectible. Journalized the adjusting entry. 1. Aecord the January 1 credit balance or $25,685 in a T-account for Allowance for Doubtlyl A coounts 2b. Post each entry that affects the following selected T-accounts and determine the new balances: Allowance for Doubtrul Accounts and 2a. Journataze the transsetions a Badeabs rraenst for the yes D. Bwance is the allewanee aceount ater the ad vilment of Coctmber a1. ie Eapecled met reakizable value of the acoenth recevable as of Decencer al