ASAP

Allowance method entries The following transections were completed by Wild Trout Gallery during the current fiscal year ended December 31 : Jen. 19. Meinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of 82 , 545 cash in full payment of Arl account. Ape-3. Wrote off the \$14,580 balance owed by Premier 65 Co. which is baniorupt. July 16. Aleceived 45\% of the 326,200 balance owed by Hayden Co, a bankrupt business, and wrote off the remainder as uncollectible. Nov. 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectibie: Recorded the receipt of 54,150 cash in full payment. Dec. Wrote of the fotoming accounts as uncollectible (compound entry) Cavey Co, 110,970; Fogle Co, 53,260;; Lake furniture, 5 8,375; Melinda Shryer, 82,365 . Dec. Based on an analysis of the $1,290,300 of accounts recelvabie, it was estimated that $56,100 will be uncollectible. Journalized the adjusting entry. fleauired: 2. a. Iaumalixa than trancaetinne If an amnuat hnvianac not require an entry, leave it blank, Note: For the December 31 adjusting entry, assume the $1,290,300 balance 9 the year. Dec. 31 2. b. Post each entry that affects the following T accounts and determine the new balances