Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2024, accounts recelvable totaled $640,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $35,000 at the beginning of 2024 and $22,500 in recelvables were written off during the year as uncollectible. Also, $1,500 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 10% to accounts receivable at the end of the year. Required: 1. Prepare journal entries to record the write-off of recelvables, the collection of $1,500 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. How would accounts receivable be shown in the 2024 year-end bolance sheet? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the write-off of receivables, the collection of $1,500 for previously written off receivables, and the year-end adjusting entry for bad debt expense. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. Prepare journal entries to record the write-off of receivables, the collection of $1,500 for previousily 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. How would accounts recelvable be shown in the 2024 year-end balance sheet