Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2016, accounts receivable totaled $680,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $43,000 at the beginning of 2016 and $26,500 in receivables were written off during the year as uncollectible. Also, $2,300 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 written off receivables, and the year-end adjusting entry for bad debt expense. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list X: Import a new list 1 Record the write-off of receivables. Record the reinstatement of an account previously written off. 2 3 Record collection of account previously written off 4 Record bad debt expense for the year. edit 2. How would accounts receivable be shown in the 2016 year-end balance sheet? Balance Sheet (Partial) Current Assets Accounts receivable (net)