Please help me with the incorrect one. Thank you so much, I have tried so many time but it is still incorrect.

The following transactions were completed by Irvine Company during the current fiscal year ended December 31:

Feb. 8	Received 35% of the $18,100 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 $7,300 cash in full payment of Seth's account.
Aug. 13	Wrote off the $6,350 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 $3,865 cash in full payment of the account.
Dec. 31	Wrote off the following accounts as uncollectible (compound entry): Newbauer Co., $7,105; Bonneville Co., $5,435; Crow Distributors, $9,390; Fiber Optics, $1,075.
Dec. 31	Based on an analysis of the $1,796,000 of accounts receivable, it was estimated that $35,920 will be uncollectible. Journalized the adjusting entry.

Required:

1.

Record the January 1 credit balance of $26,080 in a T-account for Allowance for Doubtful Accounts.

2.

a.	Journalize the transactions.
b.	Post each entry that affects the following selected T-accounts and determine the new balances: Allowance for Doubtful Accounts and Bad Debt Expense.

3.

Determine the expected net realizable valueof the accounts receivableas of December 31.

4.

Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated expense of of 1% of the sales of $18,260,000 for the year, determine the following:

a.	Bad debt expensefor the year.
b.	Balance in the allowance account after the adjustment of December 31.
c.	Expected net realizable value of the accounts receivable as of December 31.

T-Accounts Shaded cells have feedback. X 1. Record the January 1 credit balance of $26,080 in a T-account for Allowance for Doubtful Accounts. 2b. Post each entry that affects the following selected T-accounts and determine the new balances: Allowance for Doubtful Accounts and Bad Debt Expense. Allowance for Doubtful Accounts Feb. 8 V 11,765 Jan. 1 Balance 26,080 Aug. 13 V 6,350 May 27 V 7,300 Dec. 31 V 23,005 Oct. 31 V 3,865 Dec. 31 Adjusting Entry V 39,795 Dec. 31 Unadjusted Balance 23,015 X Dec. 31 Adj. Balance 35,920 Bad Debt Expense Dec. 31 Adjusting Entry 39,795 Points: 17 / 18