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need help with b &c The foliowing transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31 : January 19.

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The foliowing transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31 : January 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncoliectible. Journalized the receipt of $2,145 cash in full payment of Arlene's account. April 3. Wrote off the $12,290 balance owed by Premier GS Co, which is banikrupt. July 16. Received 45% of the $22,100 balance owed by Hayden Co., bankrupt business, and wrote off the remainder as uncoliectible. November 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $3,495 cash in full payment. December 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., $9,245; Fogle Co., $2.745; Lake Furniture, \$7,055; Melinda Shryer, $1,995. December 31. Based on an analysis of the $1,087,900 of accounts reeivable, it was estimated that $47,300 will be uncollectible, Journalized the adysting entry. Requiredt 2. b. Post each entry that affects the following T accounts and determine the new balances: 3. Determine the expected net reoleable value of the accounts recewable as of December 31 (after as of the adjustments and the adjusting entry). 4. Assuming that insteod of basing the provision for uncoliectole accounts on an analyeis of receivables, the adjusting entry on December 31 had been based on an estimated expense of M of 10 of the sales of $6,720,000 for the year, determine the following: a. Bad debt expense for the yeat 4 . 4 b. Balance in the allowance account after the adjustment of December 31 . 3 c. Expected net realizabie value of the accounts receivable as of Decerrber 31 (after ati of the adjustments and the adjusting entry)

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