9:58 a inst-fs-iad-prod.inscloudgate.net Problems hapter 7: Cash & Receivables Allowance for Uncollectible Accounts (Allowance Method) Yahtzee Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $625,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $32,000 at the beginning of 2018 and $21,000 in receivables were written off during the year as collectible. Also, $1,200 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 Prepare the journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt a. How would accounts receivable be shown in the 2018 year- end balance sheet? b. On June 30, 2018, the Esquire Company sold some merchandise to a customer for $30,000 and agreed to accept as payment a