Kevin purchases 1,000 shares of bluebird corporation stock on october 3, 2018, for $300,000. on december 12, 2018, kevin purchases an additional 750 shares of bluebird stock for $210,000. according to market quotations, bluebird stock is selling for $285 per share on 12/31/18. kevin sells 500 shares of bluebird stock on march 1, 2019, for $162,500.a. the adjusted basis of kevin's bluebird stock on december 31, 2018, is $. what is kevin's recognized gain or loss from the sale of bluebird stock on march 1, 2019, assuming the shares sold are from the shares purchased on december 12, 2018? kevin's recognized (gain or loss) is $. what is kevin's recognized gain or loss from the sale of bluebird stock on march 1, 2019, assuming kevin cannot adequately identify the shares sold? kevin has a recognized (gain or loss) of $

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?