Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2024, accounts receivable totaled $685,000. The allowance method is used to account for uncollectible accounts. The allowance for uncoliectible accounts had a credit balance of $44,000 at the beginning of 2024 and $27,000 in receivables were written off during the year as uncollectible. Also, $2,400 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 15% to accounts receivable at the end of the year. Required: 1. Prepare journal entries to record the write-off of receivables, the collection of $2,400 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? Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the write off of receivables, the collection of $2,400 for previously written off receivables, and the yearend adjusting entry for bad debt expense. Note: if no entry is required for a transaction/event, select "No joumal entry required" in the first account field