Journal entry worksheet Record collection of account previously written off. Note: Enter debits before credits. Journal entry worksheet Record the reinstatement of an account previously written off. Note: Enter debits before credits. Journal entry worksheet Record bad debt expense for the year. Note: Enter debits before credits. Prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written oft receivables, and the yearend adjusting entry for bad debt expense. Note: if no ientry is required for a transaction/event, select. "No jourmal entry roquired" in the first iccount field. Journal entry worksheet 4 Record the write-off of receivables. Note: Enter debits before ondts. Colorodo Rocky Cookie Company offers credit terms to its customers. At the end of 2024, accounts recelvable totaled $715,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2024 and $30,000 in receivables were written off during the year as uncollectible. Also, $3,000 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 15% to accounts recelvable ot the end of the year Required: 1. Prepare journal entries to record the write- off of recelvables, the collection of $3,000 for previously written off recelvables, and the year-end adjusting entry for bad debt expense. 2. How would accounts receivable be shown in the 2024 year-end balance sheet? Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the write-off of receivables, the collection of $3,000 for previously written off recelvables, and the yearend adjusting entry for bad debt expense. Note: if no entry is fequired for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet