Help me fix the red sections.

Exercise 7-15 (Static) 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 2021, 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 2021 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: 1. Prepare joumal 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. 2. How would accounts receivable be shown in the 2021 year-end balance sheet? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the write-off of recelvables, the collection of $1,200 for previously written off recelvables, and the year-end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No fournal entry required" in the first account field.) Prepare journal entries to record the write-off of recelvables, the collection of $1,200 for previously written off recelvables, and the year-end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) $32,000 at the beginning of 2021 and $21,000 in receivables were written off during the year as uncoliectible. 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 recelvable at the end of the yeat. Required: 1. Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off recelvables, and the year-end adjusting entry for bad debt expense. 2. How would accounts recelvable be shown in the 2021 year-end balance sheet? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. How would accounts recelvable be shown in the 2021 year-end b ince sheet