Exercise 7-11 Uncollectible accounts; allowance method; balance sheet approach [LO7-5, 7-6) Colorado Rocky Cookie Company offers credit terms to its customers At the end of 2018. accounts receivable totaled $635.000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $34,000 at the beginning of 2018 and $22.000 in recelvables were written off during the year as uncollectible. Also, $1.400 in cash was received in December from a customer whose account previously had been written off. The applying a percentage of 15% to accounts receivable at the end of the year. Required 1. Prepare journal entries year-end adjusting entry for bad debt expense. 2. How would accounts receivable be shown in the 2018 year-end balance sheet? to record the write-off of receivables, the collection of $1.400 for previously written off recelvables, and the 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 $1,400 for previously written off r eceivables, and the year bt expense. (If no entry is requred for a transaction/event, select No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3