Question 2: now, you do the math: tell us if you can afford the apartment using the details below. your gross paycheck is $2100 per month. you're looking at a very small one-bedroom apartment that rents for only $650 per month. the electric bill runs about $60 per month for power. you'll pay about $10 per month for gas. an internet line will cost you $20 per month. you have to rent a parking space for your old buggy at $20 per month. can you afford to get this apartment? yes no, how much can you afford to pay in rent plus housing expenses: $

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?