Exercise $7-16($Static$)$ Uncollectible accounts; allowance method; balance sheet approach; financial statement effects $[$LO$7-5,7-6]$

Colorado Rocky Cookie Company offers credit terms to its customers. At the end of $2024,$ accounts receivable totaled $$625,000.$ The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $$32,000$ at the beginning of $2024$ and $$21,000$ in receivables were written off during the year as uncollectible. Also, $$1,200$ 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.

Required:

Prepare journal entries to record the write$-$off of receivables, the collection of $$1,200$ for previously written off receivables, and the year$-$end adjusting entry for bad debt expense.

How would accounts receivable be shown in the $2024$ year$-$end balance sheet?

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Prepare journal entries to record the write$-$off of receivables, the collection of $$1,200$ 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 journal entry required" in the first account field.

Please answer all parts for required $1$: part $1)$ 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. And Required $2.$ Thanks, will upvote if correct.