Credit rationing. a bank in your area - 1st anthill bank - is offering home mortgages. you learn that a loan applicant with $50,000 annual income and cash for a $20,000 downpayment, can receive a $100,000 home loan with an 8% interest rate. your annual income is $50,000 and you only have enough cash for a $10,000 downpayment. suppose that you apply for a $100,000 loan from 1st anthill. the loan officer reviews your financial information and will only lend you the funds at an interest rate of 10%. based on the information provided, is there credit rationing in this scenario? clearly explain why or why not

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?