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Business, 15.11.2019 02:31 wdymRachel4943

The following transactions were completed by wild trout gallery during the current fiscal year ended december 31: jan. 19. reinstated the account of arlene gurley, which had been written off in the preceding year as uncollectible. journalize the receipt of $1,645 cash in full payment of arlene’s account. apr. 3. wrote off the $9,430 balance owed by premier gs co., which is bankrupt. july 16. received 45% of the $16,900 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 $2,680 cash in full payment. dec. 31. wrote off the following accounts as uncollectible (compound entry): cavey co., $7,090 ; fogle co., $2,105 ; lake furniture, $ 5,410 ; melinda shryer, $1,530. dec. 31. based on an analysis of the $832,600 of accounts receivable, it was estimated that $36,200 will be uncollectible. journalize the adjusting entry.

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