January 1, 2022, Sheffield Corp. purchased 4,500 shares of treasury stock. Other information regarding Sheffield Corp. is provided as follows. 2022 2021 Net income $107,900 $100,000 Dividends on preferred stock $23,950 $23,950 Dividends on common stock $20,900 $18,650 Weighted-average number of common shares outstanding 38,000 50,000 Common stockholders’ equity beginning of year $700,000 $600,000 Common stockholders’ equity end of year $760,000 $700,000 Compute return on common stockholders' equity for each 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?