Freebies just for you

We are available 24/7

We help you complete college assignments in under 24 hours.

Get help with essays, research papers, PowerPoint Presentations, reports, reviews, and projects at incredibly low prices.

Colorado Rocky Cookie Company

Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $705,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $48,000 at the beginning of 2018 and $29,000 in receivables were written off during the year as uncollectible. Also, $2,800 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 $2,800 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?

Custom Papers

We will write a custom paper for you at $15.50 $11/page

Free title page

Free reference page

Free formatting

Unlimited revisons

EssayTab is hands down the best essay writing service for college students. I was initially skeptical about the quality of a product that has such a low price point but I can tell you that it’s worth every penny! I’ve been using EssayTab for my essays in college as well as in grad school, and they always deliver excellent content.

College Student