"the fictional country of yieng has had an influx of updated technology to its manufacturing plants and the medical field in the last three years. this has boosted the growth of the country’s productivity by 75%, but this year the pace has significantly dropped off. wages were at first slow to respond to the growth, but now have reached new heights. now that productivity growth has stopped increasing, what do you expect to happen to the natural unemployment rate for this stimed growth period? "

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?