Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $665,000. The

Bad debt expenses is $82,750Explanation:Recording the write off receivables Date  Account Titles and Explanation                 Debit       Credit           Allowances for uncollectible accounts   $25,000                Accounts receivables                                              $25,000            (To write off an uncollectible amount)Recording the reinstatement of an account previously written off Date  Account Titles and Explanation                 Debit       Credit           Account receivables                                  $2,000                  Allowances for uncollectible accounts               $2,000           (To reinstatement of an account previously written off)Recording collection of account previously written offDate  Account Titles and Explanation                 Debit       Credit           Cash                                                               $2,000                            Account receivables                                  $2,000           (To record the cash received)Recording bad debt expenses for the yearDate  Account Titles and Explanation                 Debit       Credit           Bad debt Expenses                                   $82,750                 Allowances for doubtful accounts                        $82,750            (To record estimated bad debts)WorkingsParticulars                        AmountBeginning balance                    $40,000Less: Receivables write off       $25,000Add: Collection of receivables  $2,000         previously written off                                                      $17,000Less: Required allowances         $99,750 ($665,000*15%)                   Bad debt expenses                     $82,750Thus, the bad debt expenses is $82,750... Show More

Answer: the correct answer is economics is a game without winners or losers.explanation: unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.... Show More

The answer is c hope this... Show More