The following transactions were completed by The Wild Irout Gallery duting the current fiscal year ended December 31 : Jan. 19 Reinstated the account of Arlene Gurley, which tad been written off in the preceding vear as uncollectible, 3oumalited the receipt of $2,800 cash in full payment of Arlene's account, Apr. 3 Wrote off the $16,040, balance owed by Premier GSCO, which is bankrupt. July 16 Received 40% of the $28,800 balance owed by Hayden Co4 a banknipt business, and wrote off the remainder as uncollectible: Now. 23 Reinstated the account of Harry Carr, which had been writen of two years earlier as uncollectible. Recorded the receipt of $4,565 cash in full payment, Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey Co., {12,070; fogle C0, $3,585; Lake fumiture, $9,210; Melinda Shryes, $2,605, 31 Based on an analyas of the $1,419,100 of accounts receivable, it was estamated that $61,700 will be uncolloctible, lournalized the adjusting entry Requiredt 1. Record the lanuary 1 credit balance of $58,800in a T account presented below in retuirement 2b for Allowance for Doubtiul Accountic. 2. a. Journalize the transactions. If an amount box does not require am entry, leave it blank, Note: For the Decenter 31 adjusting entry, assume the $1,429,100 bslat Focounts receivable reflects the adjustments made daring the year