the folesing 2. b. Post each entry that affects the following T accounts and determine the new balances: Allowance for Doubtful Accounts Bad Debt Expense Dec. 31 Adjusting Entry F= Fequired Iast 18r tritite 14 A 10.3 124a8 4 Entries Related to Uncollectible Accounts The following transactions were completed by The Wild Trout Gallery during the current fiscal year ended December 31 : Jan. 19 Reinstated the account of Ariene Gurley, which had been written off in the preceding year as uncoliectible, Journalized the receipt of $1,910 cash in full payment of Arlene's account. Apr. 3 Wrote off the $10,940 balance owed by Premier GS C0, which is bankrupt. July 16 Received 35% of the $19,600 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 uncollectible. Recorded the receipt of $3,115 cash in full payment. Dec. 31 Wrote off the following accounts as uncollectible (one entry): Cavey Co, $8,230; Fogle Co, $2,445; Lake Fumiture, $6,285; Melinda Shryer, $1,775. 31 Based on an analysis of the $968,300 of accounts receivable, it was estimated that $42,100 will be uncollectible. Journalized the adjusting entry. Required: 1. Record the January 1 credit balance of $40,100 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts