The following transactions involve investments in marketable securities and are accounted for using the equity method. a. Purchased 12,000 common shares of Barth Co. at $9 cash per share; the shares represent 30% ownership in Barth.
b. Received a cash dividend of $1.25 per common share from Barth.
c. Recorded income from Barth stock investment when Barth’s net income is $80,000.
d. Sold all 12,000 common shares of Barth for $120,500.

Required
Prepare journal entries to record these four transactions.

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?