Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2024 , accounts receivable totaled $700,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $47,000 at the beginning of 2024 and $28,500 in recelvables were written off during the year as uncollectible. Also, $2.700 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 accounts recelvable at the end of the year. Required: 1. Prepare journal entries to record the write-off of recelvables, the collection of $2.700 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. How would accounts recelvable be shown in the 2024 year-end balance sheet? 8 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the write-off of receivables, the collection of $7.700 for proviously written off recelvables, and the year-end adjusting entry for bad debt expense. Note If flo entry is requiled for a transaction/event, sefect "No journal entry required" in the first account field. Prepare journal entries to record the write-off of receivables, the collection of $2,700 for previously written off receivables, and the year-end adjusting entry for bad debt expense: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. How would accounts receivable be shown in the 2024 year-end balance sheet