Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2013. accounts receivable totaled 5625,000. The allowance for uncollectible accounts had a credit balance of 532.000 at the beginning of 2013 and $21.000 in receivables were written off during the year as uncollectible. Also, S1.200 in cash was received in December from a customer whose account previously had been written off. The company determines that an allowance of $62,500 for uncollectible accounts is required at the end of the year. Required: 1. Prepare 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 debe expense. 2. How would accounts receivable be shown in the 2013 year-end statement of financial position