1) record the written off receivables

2) record the reinstatement of an account previously written off

3) record collection if account previously written off

4) record bad debt expense for the year

Colorado Rocky Cookie Company offers credit terms to its customers At the end of 2018, accounts receivable totaled $690,000. The allowance method is used to account for uncollectible accounts The allowance for uncollectible accounts had a credit balance of $45,000 at the beginning of 2018 and $27,500 in receivables were written off during the year as uncollectible. Also, $2,500 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year. Required 1. Prepare journal entries to record the write-off of receivables, the collection of $2,500 for previously written off receivables, and the year-end adjusting entry for bad debt expense 2. How would accountsreceivable be shown in the 2018 year-end balance sheet? year-end adjusting entry for bad debt expense. (if no entry is required for a transaction/event, selectNo journal entry requred,n the first account field.) View transaction list Journal entry worksheet 4 Record the write-off of receivables. Note: Enter debits before credits Event General Journal Debit Credit Required 1 Required 2 How would accounts receivable be shown in the 2018 year-end balance sheet? Balance Sheet (Partial) Current Assets Accounts receivable (net)