The accountant's standard report for a compilation service would not include a statement that: a. a compilation service has been performed in accordance with standards established by the AICPA.
b. financial statement information is the representation of the owners of the business.
c. compilation service consists primarily of inquiries of company personnel and analytical procedures applied to financial data.
d. financial statements have not been audited or reviewed and the accountant does not express an opinion or any other form of assurance.

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?