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A company had net sales of $520,000, total sales of $670,000, and an average accounts receivable of $84,000. Its accounts receivable turnover equals: Multiple Choice 0.16 0.13 7.98 O.78 6.19 A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $31,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $535. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 31,750 Bad Debts Expense Allowance for Doubtful Accounts 31,75e Bad Debts Expense Allowance for Doubtful Accounts 32,285 32,285 Bad Debts Expense 31,215 Allowance for Doubtful Accounts 31,215 Accounts Receivable Bad Debts Expense 31,750 535 Sales 32,285 Accounts Receivable 32,285 Allowance for Doubtful Accounts 32,285