Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $650,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $37,000 at the beginning of 2021 and $23,500 in receivables were written off during the year as uncollectible. Also, $1,700 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. Journal entry worksheet 1 2 3 4 > Record the write-off of receivables. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal Journal entry worksheet Record the reinstatement of an account previously written off. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general Journal Journal entry worksheet Record collection of account previously written off. Note: Enter debits before credits. Event General Journal 3 Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 3 > Record bad debt expense for the year. Note: Enter debits before credits. Event General Journal Debit Credit 4 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 How would accounts receivable be shown in the 2021 year-end balance sheet? Balance Sheet (Partial) Current Assets Accounts receivable (net)