Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2016, accounts receivable totaled $665,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $40,000 at the beginning of 2016 and $25,000 in receivables were written off during the year as uncollectible. Also, $2,000 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 15% to accounts receivable at the end of the year.

Required:

1.	Prepare journal entries to record the write-off of receivables, the collection of $2,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry 1 - Record the write-off of receivables.

Journal entry 2 - Record the reinstatement of an account previously written off.

Journal entry 3 - Record collection of account previously written off.

Journal entry 4 - Record bad debt expense for the year