You learned in the unit that, as a manager, having and understanding your company's business plan (vision, goab, strategies, action plan) will help you be a more effective leader and manager Consider the things that you learned about business plans and identify how these components could be applied to and useful in other aspects or endeavors in lüle Explain what components of the business plan you might apply to other areas of your life and how they might be beneficial

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?