Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $695,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $46,000 at the beginning of 2018 and $28,000 in receivables were written off during the year as uncollectible. Also, $2,600 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. Required: 1. Prepare journal entries to record the write-off of receivables, the collection of $2,600 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. How would accounts receivable be shown in the 2018 year-end balance sheet? 59 Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Prepare journal entries to record the write-off of receivables, the collection of $2,600 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.) View transaction list Journal entry worksheet 1 2 3 4 Journal entry worksheet 1 2 3 4 Record the write-off of receivables. Note: Enter debits before credits, Event General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 37 Record the reinstatement of an account previously written off. es Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet Record bad debt expense for the year. ote: Enter debits before credits. Event General Journal Debit Credit 4 View general journal Clear entry Complete this question by entering your answers in the tabs below. Required 1 Required 2. How would accounts receivable be shown in the 2018 year-end balance sheet? Balance Sheet (Partial) Current Assets Accounts receivable (net)