Efollowing events occurred for favata company: a. received $16,500 cash from owners and issued stock to them. b. borrowed $13,500 cash from a bank and signed a note due later this year. c. bought and received $1,450 of equipment on account. d. purchased land for $25,000; paid $2,300 in cash and signed a long-term note for $22,700.e. purchased $9,500 of equipment, paid $2,300 in cash and charged the rest on account. required: for each of the events in above, prepare journal entries. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable 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 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 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 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 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?