Maria, an engineer, has an adjusted gross income of $167,000 before considering the following losses. the passive activity rules disallow the deduction for the loss in which of the following?
i. maria has a $21,000 loss from her ownership of family apartment village, a low-income housing project.
ii. maria owns and actively participates in managing a rental house across the street from east state college. this activity generates a $7,000 loss in the current year.

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?