The following transactions were completed by Irvine Company during the current fiscal year ended December 31 : Feb. 8 Received 40% of the $18 , 200 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 , 400 cash in full payment of Seth's account. Aug. 13 Wrote off the $6 , 465 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 , 830 cash in full payment of the account. Dec. 31 Wrote off the following accounts as uncollectible (compound entry): Newbauer Co., \$7,190; Bonneville Co., \$5,510; Crow Distributors, \$9,410; Fiber Optics, \$1,205. Dec. 31 Based on an analysis of the $1 , 820 , 500 of accounts receivable, it was estimated that $36 , 410 will be uncollectible. Journalized the adjusting entry. ASSETS 110 Cash 111 PettyCash 121 AccountsReceivable-DeCoyCo. 122 AccountsReceivable-SethNelsen 123 AccountsReceivable-KatTracksCo. 124 AccountsReceivable-CrawfordCo. 125 AccountsReceivable-NewbauerCo. 126 AccountsReceivable-BonnevilleCo. 127 AccountsReceivable-CrowDistributors 128 AccountsReceivable-FiberOptics 129 AllowanceforDoubtfulAccounts 131 InterestReceivable 132 NotesReceivable 141 MerchandiseInventory 145 OfficeSupplies 146 StoreSupplies 151 PrepaidInsurance 181 Land 191 StoreEquipment 192 AccumulatedDepreciation-StoreEquipment 193 OfficeEquipment 194 AccumulatedDepreciation-OfficeEquipment ? REVENUE 410 Sales 610 InterestRevenue EXPENSES 510 CostofGoodsSold 520 SalesSalariesExpense 521 AdvertisingExpense 522 DepreciationExpense-StoreEquipment 523 DeliveryExpense 524 RepairsExpense 529 SellingExpenses 530 OfficeSalariesExpense 531 RentExpense 532 DepreciationExpense-OfficeEquipme 533 InsuranceExpense 534 OfficeSuppliesExpense 535 StoreSuppliesExpense 536 CreditCardExpense 537 CashShortandOver 538 BadDebtExpense 539 MiscellaneousExpense 710 InterestExpense ? 192 Accumulated Depreciation-Store Equipment 538 Bad Debt Expense 193 Office Equipment 539 Miscellaneous Expense 194 Accumulated Depreciation-Office Equipment 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends