On June 1, the stock price was$50 per share. Bob purchased 10 shares of this stock. John purchaseda call option for 10 shares of the stock with an expiry date of July 1st. The exercise price is$60per share and the cost of this option is$50. Alice purchased a put option for 10 shares of the stockwith an expiry date of July 1st. The exercise price is$40 per share and the cost of this put optionis$50.What are the profits for Bob, John and Alice if the stock price on July 1st is$85/share and$25/share, respectively

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?