fiscal year ended December 31: lanarr 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $2,320 cash in full payment of Arlene's account. Aeri 1. Wrote off the $13,290 balance owed by Premier GS Co., which is bankrupt. Ww is Received 40% of the $23,800 balance owed by Hayden Co., a bankrupt business, and wrote off the remainder as uncollectible. November 22. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $3,780 cash in full payment. December 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., $10,000; Fogle Co. $2,970; Lake Furniture, $7,635; Melinda Shryer, $2,160. December 33 Based on an analysis of the $1,175,300 of accounts receivable, it was estimated that $51,100 will be uncollectible. Journalized the adjusting entry. Required: 1. Record the January 1 credit balance of $48,700 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 $1,175,300 balance in accounts receivabie reflects the adjustments made during the year. 2. b. Post each entry that affects the following T accounts and determine the new fiscal year ended December 31: tanuay 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $2,320 cash in full payment of Arlene's account. Aowi 1 Wrote off the $13,290 balance owed by Premier GS Co., which is bankrupt. My is Received 40% of the $23,800 balance owed by Hayden Co., a bankrupt. business, and wrote off the remainder as uncollectible. mowember 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $3,780 cash in full payment. December 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., $10,000; Fogle Co., $2,970; Lake Furniture, $7,635; Melinda Shryer, $2,160. Decentere 31 Based on an analysis of the $1,175,300 of accounts receivable, it was estimated that $51,100 will be uncollectible. Journalized the adjusting entry. Required: 1. Record the January 1 credit balance of $48,700 in a T account presented below in requirement 2b for Aliowance 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 $1,175,300 balance in accounts receivable reflects the adjustments made during the year. 2. b. Post each entry that affects the following T accounts and determine the new
