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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $725,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $52,000 at the beginning of 2018 and $31,000 in receivables were written off during the year as uncollectible. Also, $3,200 in cash was received in December from a customer whose account previously had been written off. The co mpany 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 $3,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense 2. How would accounts receivable be shown in the 2018 year-end balance sheet? Complete this question by entering your answers in the tabs below Required 1Required2 Prepare journal entries to record the write-off of receivables, the collection of $3,200 for previously written off receivables, and the year- end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry account field in the first Journal entry worksheet Record the write-off of receivables Note: Enter debits before credits 1 of 6 Next > Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $725,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $52,000 at the beginning of 2018 and $31,000 in receivables were written off during the year as uncollectible. Also, $3,200 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 journal entries to record the write-off of receivables, the collection of $3,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. How would accounts receivable be shown in the 2018 year-end balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How would accounts receivable be shown in the 2018 year-end balance sheet