Kendall Cookie Company offers credit terms to its customers. At the end of 2016, accounts receivable totaled $600,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $22,000 at the beginning of 2016 and $26,000 in receivables were written off during the year as uncollectible. Also, $1,500 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 5% to accounts receivable at the end of the year (1) Prepare journal entry to record the write-off of receivable. (2) Prepare journal entry to record the collection of previously written off receivables. (3) Prepare the year-end adjusting entry for bad debt expense. (4) How would accounts receivable be shown in the 2016 balance sheet?