Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable 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 2018 and $23,000 in receivables 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 accounts receivable at the end of the year. Required: 1. Prepare journal entries to record the write-off of recelvables, the collection of $1,600 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. How would accounts recelvable be shown in the 2018 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 $1,600 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 Import a new list 1 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 year-end adjusting entry for bad debt expense. 2. How would accounts receivable be shown in the 2018 year-end balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How would accounts receivable be shown in the 2018 year-end balance sheet? Balance Sheet (Partial) Current Assets Accounts receivable (net) Required 1