Received $35\%$ of the $$18,100$ balance owed by DeCoy Co$.,$ a bankrupt business, and wrote off the remainder as uncollectible.Reinstated the account of Seth Nelsen, which had been written off in the preceding year as uncollectible. Journalized the receipt of $$7,300$ cash in full payment of Seth's account.Wrote off the $$6,350$ balance owed by Kat Tracks Co$.,$ which has no assets.Reinstated the account of Crawford Co$.,$ which had been written off in the preceding year as uncollectible. Journalized the receipt of $$3,865$ cash in full payment of the account.Wrote off the following accounts as uncollectible $($compound entry$)$: Newbauer Co$.,$ $$7,105$; Bonneville Co$.,$ $$5,435$; Crow Distributors, $$9,390$; Fiber Optics, $$1,075.$Based on an analysis of the $$1,796,000$ of accounts receivable, it was estimated that $$35,920$ will be uncollectible. Journalized the adjusting entry.CengageNO xRequired:$1.$ Record the January $1$ credit balance of $$26,080$ in a T$-$account for Allowance for Doubtful Accounts$\mathrm{.}2.$ a$.$ Journalize the transactions.b$.$ Post each entry that affects the following selected T$-$accounts and determine the new balances: Allowance for Doubtful Accounts and Bad Debt Expense$\mathrm{.}3.$ Determine the expected net realizable value of the accounts receivable as of December $31\mathrm{.}4.$ Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December $31$ had been based on an estimated expense of $$ of $1\%$ of the sales of $$18,260,000$ for the year, determine the