Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021 accounts receivable totaled $710.000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $49.000 at the beginning of 2021 and $29.500 in receivables were written off during the year as uncollectible. Also, $2.900 in cash was received in December from a customer whose account previously had been written oft. 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 $2,900 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? Answer is not complete. 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 $2,900 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 held.) No Event General Journal Debit Credit 1 Allowance for collectibles Accounts receivable 29.500 2 2 Accounts receivable 2.900 Prepare journal entries to record the write-off of receivables, the collection of $2,900 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.) Event General Journal Debit Credit 1 Allowance for uncolectible accounts 29.500 Accounts receivable 29.500 2 2 2.500 Accounts receivable Allowance for uncollectible accounts 2.900 2.9500 Dedebit expense Allowance for uncollectible accounts 2.950 Badebit pense Accounts receivable Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 How would accounts receivable be shown in the 2001 year-end balance sheet? Balance Sheet(Partian Current Assets Accounts receivable in