Whentes The following transactions were completed by Wild Tout Gallery during the current fatal year ended December 311 Jan. 19. Reinstated the account of Arlent Gurley, which had been written off in the preceding vear as uncellectible, Soumalized the receipt of $1,505 cath in full payment of Arlene's account Apr. 3. Wrote off the $9,140 balance awed by Premier GS Co, which is bankrupt. July 16. Received 40% of the $16,400 balance owed by Hayden Co, a bankrupt business, and wrote off the remainder as uncollectible. Nov. 22. Reinstated the account of Harry Cars, which had been written off two years earder as uncollectible. Recorded the receipt of 42.600 cash in full payment Dec. 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co. 36,875 Fogle Co. $2,040 : Lake Furniture, $5,250 Melinda Shrver, 1.405. Dec. 31. Based on an analysis of the $800,600 of accounts receivable. It was estimated that 133,200 vill be uncollectible. Journalized the adjusting entry Required: Record the January 1 credit balance of $33,500 in aT account presented below in requirement ab for Allowance for Doutout Accounts 2. a. Journalize the transactions. It an amount box. does not require an entry, leave it blank. Notes for the December 31 adjusting entry, assume the $509,000 balance in accounts receivable elect the adjustments made during the year Jan. 19 Jan. 19 Apr. 3 July 16 Nov. 23 Nov. 23 II III II II III. II II III I II II II Dec. 31 Dec. 31 2. D. Post each entry that affects the following accounts and determine the new balances: Allowance for Doubtful Accounts Jan, 1 Balance Dec. 31 Adjusted balance Bad Debt Expense 1. Dermine the expected netrable value of the court receivable as of December 31 (after all of the adjustments and the adjusting entry 4. Assuming that watead of basing the provision for uncollectible accounts on an scalysis of receivables, the adjusting artsy on December 31 had been based on an estimated woente oto the sales of $5,000,000 for the war, determine the following 2 dd for the year b. Balance in the towance account atter the adjustment of December