Nov. 23-reinstate Nov. 23-collection Dec. 31-write-off Dec. 31-adjusting 2. b. Post each entry that affects the following T accounts and determine the new balances: Allowance for Doubtful Accounts Jan. 1 Balance Dec. 31 Adjusted Balance 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 $1,785 cash in full payment of Arlene's account. Apr. 3 Wrote off the $10,230 balance owed by Premier GS Co., which is bankrupt. July 16 Received 30% of the $18,300 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 $2,910 cash in full payment. Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey Co., $7,695; Fogle Co., $2,285; Lake Furniture, $5,875; Melinda Shryer, $1,660. 31 Based on an analysis of the $906,200 of accounts receivable, it was estimated that $39,400 will be uncollectible. Journalized the adjusting entry. Required: 1. Record the January 1 credit balance of $37,500 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts