Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021 , accounts recelvable totaled $645,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $36,000 at the beginning of 2021 and $23,000 in recelvables were written off during the year as uncollectible. Also, $1,600 in cash was recelved in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 15% to occounts recelvable at the end of the year. Required: 1. Prepare journal entries to record the write-off of receivables, the collection of $1,600 for previously written off receivables, and the year-end adjusting entry for bad debt expense 2. How would accounts receivable be shown in the 2021 year-end balance sheet? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the write-off of receivables, the collection of $1,600 for previously wnitten off receivables, and the yearend 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.) Record the write-off of receivables. Note: Enter debits before credits. 1 Record the reinstatement of an account previously written off. Note: Enter debits before credits. Journal entry worksheet Record collection of account previously written off. Note: Enter debits before credits. Record bad debt expense for the year. Note: Enter debits before credits. How would accounts receivable be shown in the 2021 year-end balance sheet