Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $705,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $48,000 at the beginning of 2018 and $29,000 in receivables were written off during the year as uncollectible Also, $2,800 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 $2,800 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? Complete this question by entering your answers in the tabs below. Required: Required 2 rences Prepare journal entries to record the write-off of receivables, the collection of $2,800 for previously written off receivables, and the year and adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required in the first account feld) View transaction list View journal entry worksheet Event Credit No 1 General Journal Allowance for uncollectible accounts Accounts receivable Debit 48 700 1 48,700 2 Accounts receivable Allowance for uncollectible accounts 3 3 Cash Accounts receivable 4 Baddable Allowance for uncollectible accounts Required 2 >