PLEASE SHOW SOLUTION AND PUT ANSWER IN SAME FORMAT AS IN THE IMAGE. THANKS!

Colorado Rocky Cookle Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $650,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $37,000 at the beginning of 2021 and $23,500 In receivables were written off during the year as uncollectible. Also, $1,700 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 journal entries to record the write-off of receivables, the collection of $1,700 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? 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 $1,700 for previously written off receivables, and the end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required in the account field.) View transaction list Journal entry worksheet 2 3 4 Record the write-off of receivables. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > Journal entry worksheet Record the reinstatement of an account previously written off. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > Journal entry worksheet Record collection of account previously written off. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > Journal entry worksheet Record bad debt expense for the year. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > Required 1 Required 2 How would accounts receivable be shown in the 2021 year-end balance sheet? Balance Sheet (Partial) Current Assets Accounts receivable (net) Required 1 Required 2 >