The following transactions were completed by Irvine Company during the current fiscal year ended December $31$:

Feb. $8$ Received $35\%$ of the $$18,100$ balance owed by DeCoy Co$.,$ a bankrupt business, and wrote off the remainder as uncollectible.

May $27$ 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.

Aug. $13$ Wrote off the $$6,350$ balance owed by Kat Tracks Co$.,$ which has no assets.

Oct. $31$ 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.

Dec. $31$ 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.$

Dec. $31$ 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.