Help with red X's and blanks

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 $2,595 cash in full payment of Arlene's account. Apr. 3 Wrote off the $14,870 balance owed by Premier GS Co., which is bankrupt. July 16 Received 25% of the $26,700 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 230 cash in full payment. Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey Co., $11,185; Fogle Co., $3,320; Lake Furniture, $8,540; Melinda Shryer, $2,415. 31 Based on an analysis of the $1,315,600 of accounts receivable, it was estimated that $57,200 will be uncollectible. Journalized the adjusting entry. Required: July 16 Cash Allowance for Doubtful Accounts Accounts Receivable-Hayden Co. 20,025 26,700] Nov. 23-reinstate Accounts Receivable-Harry Carr Allowance for Doubtful Accounts 4,230 Nov. 23-collection Cash 4,230 Accounts Receivable-Harry Carr 4,230 Dec. 31-write-off Allowance for Doubtful Accounts 25,460 Accounts Receivable-Cavey Co. 11,185 Accounts Receivable-Fogle Co. 3,320 Accounts Receivable-Lake Furniture 8,540 Accounts Receivable-Melinda Shryer 2,415 Dec. 31-adjusting Bad Debt Expense 117,555 Allowance for Doubtful Accounts 117,555X 2. b. Post each entry that affects the following T accounts and determine the new balances: 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). 9 estimated expense of 1/2 of 1% of the sales of $8,120,000 for the year, determine the following: a. Bad debt expense for the year. \$ b. Balance in the allowance account after the adjustment of December 31 . $ c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). $ Required: 1. Record the January 1 credit balance of $54,500 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 $1,315,600 balance in accounts receivable reflects the adjustments made during the year