The flowing transactions were completed by The wild Trout Gallery during the current focal year ended December 31 Jan 19 Reinstated the account of Arlene Guries, which had been unten off in the preceding year as uncollectible. Jumalized the receipt of $1.910 cash in full payment of Arlene's account. Apr 3 We off the $10.940 balance wed by Premier 05 Co, which is banknet. July 16 Received 35% of the $19.600 balance sued by Hayden Co, bankruge business and write off the remainder as uncolleable. Nov 23 Reinstated the account of Harry Cars which had been written off two years earlier as uncollectible. Recorded the receipt of $3.115 Dec. 31 We off the follow Shrys $1.775 accounts as uncollectible (ona entry) Cavey Co. 18,230 Fegie Co $2,445: Lake Furniture, 16.285 Melinda 21. Based on an analysis of the $368.300 of accounts receivable, it was estimated that $42.100 will be uncollectible. Journalized the adjusting entry Required: 1. Recond the January 1 credit balance of $40,100 in a T account presented below in requirement 20 for ance for Dos Accounts 3. Jumal the transactions, f an amount box does not require an entry leave it blank. Note: For the December 21 adjusting entry, assume the $368,300 balance in accounts receivable reflects the aquatments made during the year 1930 Alinda for Dadfil Accounts LED Jet 19-collection C 1910 Accuets Receivable race Ques 1910 Alavance for Dadah s Assunta Receivable Pamer 5 Ca SJ416 Cait Accousta Recable Hedden Co Nov. 23-estate hacia fecalia Harry Car 113 Alicia for Dal Assets Accounts Receivable Harry Cam Dec. 21nte-off Almanca for Oud Accounts Bosticta Receivable Cents Co cucts cable feale Ca Bunct faceballs als Future Acuncta Receivable Malinda Sto Dec 31-ding fad De Alvania for Doub Assuts 10940 19400 The following transactions were complated 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 $1,910 cash in full payment of Arlena's account Apr Wrote off the $10,940 balance owed by Premier GS Co, which is bankrupt. July 16 Received 35% of the $19,000 balance owed by Hayden Co, a bankrupt business, and wrote off the remainder as uncollectible Nov 23 Reinstated the account of Harry Cart, which had been written off two years earlier as uncollectible, Recorded the receipt of $2,115 cash in full payment Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey Co, 18.230; Fogle Co $2,645, Lake Furniture, 50,205; Melinda) Stryer $1,775 31 Based on an analysis of the 1965,300 of accounts receivable, it was estimated that $42,100 will be uncollectible Journalized the adjusting entry Required: 1. Record the January 1 credit balance of 540,100 in a 1 account presented below is requirement 2b for Allowance for Doubtful Account 2. a. Journale the transactions. If an amount box does not require an entry, leave it blank, ote: For the December 31 adjunting entry, assume the $308,300 Salance in accounts receivable reflects the adjustments made during the year 2. b. Post each entry that affects the following T accounts and determine the new balances: Apr. 3 July 16 Dec. 31 Allowance for Doubtful Accounts Jan. 1 Balance Jan. 19 Nov. 23 Dec. 31 Unadjusted Balance Dec. 31 Adjusting Entry Dec. 31 Adjusted Balance Dec. 31 Adjusting Entry Bad Debt Expense