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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $630,000. The allowance method is used to

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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $630,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $33.000 at the beginning of 2021 and $21,500 in receivables were written off during the year as uncollectible. Also, $1,300 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 S1,300 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. Required 1 Required 2 Prepare journal entries to record the write-off of receivables, the collection of $1,300 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 Record the write-off of receivables. Noter Enter debits before credits General Journal Debit Credit Event 1 Required 1 Required 2 Prepare journal entries to record the write-off of receivables, the collection of $1, end adjusting entry for bad debt expense. (If no entry is required for a transaction account field.) View transaction list X: X :X: Record the write-off of receivables. 2 Record the reinstatement of an account previously written off. 3 Record collection of account previously written off. 4. Record bad debt expense for the year. redit 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)

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