(b) Journalize the following transactions assuming the allowance method is used to account for uncollectible receivables. July 10 Received 75% of the $40,000 balance owed by Pearl Co., a bankrupt business. Wrote off remainder as uncollectible. Aug 15 Reinstated the account of Haider Co., which had been written off in the preceding year as uncollectible. Received $4,600 cash as full payment of Haiders account. Sep 20 Wrote off the $3,200 balance owed by SLP Inc. which had no assets. Dec 31 Based on an analysis of Accounts Receivable, it is determined that $15,000 will become uncollectible. The balance in Allowance for Doubtful Accounts on December 31 prior to adjustment is $500 credit