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Uncollectible Accounts$-$Allowance Method

Pyle Nurseries uses the allowance method to record the following transactions, adjusting entries, and closing entries during the year ended December $31,20--$:

Feb. $9$ Received $50\%$ of the $$4,400$ balance owed by Wiley's Waterworks, a bankrupt business, and wrote off the remainder as uncollectible.

May Reinstated the account of Amanda Akin, which had been written off in the preceding $28$ year, and received $$2,300$ cash in full settlement.

Aug. $16$ Wrote off the $$5,600$ balance owed by JoJo Xu as uncollectible.

Oct. $5$ Reinstated the account of Tomi Kennedy which had been written off in the preceding year, and received $$3,100$ cash in full settlement.

Dec. Wrote off the following accounts as uncollectible, in compound entry form: Jacobs & $28$ Wilson, $$10,600$; Specialty Landscapes, $$15,100$; Kiana Hoyer, $$13,500.$

$31$ Based on an aging analysis of the $$966,000$ of accounts receivable, it was estimated that $$50,000$ will be uncollectible. Made the adjusting entry.

$31$ Made the entry to close the appropriate account to Income Summary.

Selected accounts and beginning balances on January $1,20--,$ are provided.

Required:

Enter the transactions and the adjusting and closing entries in a general journal $($page $6).$ Enter the posting references when posting to the selected accounts in requirement $2.$

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