Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2016, 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 2016 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.

1. Record the writ-off receivables. Record the reinstatement of an account previously written off. Record collection of account previously written off. Record bad debt expense for the year.

2. What is the Account Receivables(net) balance at the 2016 end of year balance on the balance sheet?