Kingston Sports Authority purchased inventory costing $26,000 by signing a 66%, six-month, short-term note payable. The purchase occurred on March 1, 2018. Kingston will pay the entire note (principal and interest) on the note's maturity date of September 1, 2018. Journalize the company's
(a) purchase of inventory; and
(b) payment of the note plus interest on March 31, 2015?, which is the? year-end; and?
(c) payment of the note plus interest on June 30, 2015. ?(Round your answers to the nearest whole? number.)
(d) Show what the company would report on its balance sheet at March 31,2015?, and on its income statement for the year ended on that date. ?

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?