153 Problem 2 Sally sold $3,000,000 worth of stuff during the year (all on account). Her timing balance in Accounts Receivable was $200,000 and her beginning credit balance in wance for Doubtful Accounts was $6,000. During the year she collected $2,800,000 on her receivables, and wrote off $9,000. She estimates that 4% of her receivables at any one time will not be collectable Prepare all journal entries for the year related to the receivables (including any year end adjustment). Problem 3 What is Sally's average collection period