Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2024 , accounts receivable totaled 5625,000 . The allowance method is used to account for uncollectible accounts. The ollowance for uncollectible accounts had a credit balance of $32,000 at the beginning of 2024 and $21,000 in receivables were written off during the year as uncallectible. Also, $1,200 in cash was recelved in December from a customer whose account previousiy had been written off The company estimates bad debts by applying a percentage of 10% s to accounts recelvable at the end of the year Required: 1. Prepare journal entries to record the write-off of recelvables, the coliection of 51.200 for previously written off receivables, and the year end adjusting entry for bad debt expense 2. How would accounts recetvable be shown in the 2024 yearend batance sheet