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Required: 1. Record the January 1 credit balance of $37,800 in a T account presented below in requirement 2b for Allowance for Doubtfil Accounts. 2.

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Required: 1. Record the January 1 credit balance of $37,800 in a T account presented below in requirement 2b for Allowance for Doubtfil Accounts. 2. a. Joumakize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank, Note: For the December 31 adjusting entry, assume the $913,100 balance in accounts recelvable reflects the adjustments made during the year: Jan. 19-reinstate AlowanceforDoubthulAccountsAccountsReceivableArleneGurier= Jan. 19-collection Accounts Receivoble-Arfene Curley Apr. 3 Allowance for Doubtul Accounts Accounts Receivable Premier GS Co July 16 Allowance for Doubtful Accounts Nov. 23-collection Accounts Receivable-Harry Carr Dec. 31-write-off Allowance for Doubtful Accounts Accounts Receivable-Cavey CO2 Accounts Receivable-Lake Furniture v Accounts Receivable-Melinda Shryer v Dec. 31-adjusting Bad Debt Expense x Allowance for Doubtful Accounts v x Entries Related to Uncollectible Accounts The following transactions were completed by The Wild Trout Galiery 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 feceipt of $1,800 cash in full payment of Ariene's account. Apr. 3. Wrote off the $10,310 balance owed by Premier GS Co., which is bankrupt. July 16. Received 25% of the $18,500 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 \$2,935. cash in full payment. Dec. 31. Wrote off the following accounts as uncollectible (one entry): Cavey Co, $7,760; Fogle Co., $2,305; Lake Furniture, \$5,920; Melinda Shryer, $1,675. Dec. 31. Based on an analysis of the $913,100 of accounts receivable, it was estimated that $39,700 will be uncollectible, Journalized the adjusting entry

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