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28.745 4716-8306-59ef07dbc73w/question/2 Question 3 of 4 ./25 E View Policies Current Attempt in Progress At December 31, 2019. Kingbird Medical reported the following information on

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28.745 4716-8306-59ef07dbc73w/question/2 Question 3 of 4 ./25 E View Policies Current Attempt in Progress At December 31, 2019. Kingbird Medical reported the following information on its statement of financial position Accounts recevable R$964,100 Less. Allowance for doubtful accounts 78.500 During 2020, the company had the following transactions related to receivables 1 Sales on account R$ 3.699.700 2 Sales returns and allowances 48,600 Collections of accounts receivable 2.815.900 4. Write-offs of accounts recevable deemed uncollectible 902300) 5. Recovery of bad debts previously written off as uncollectible 25,100 Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically indented when amount is entered Do not indent manually No Account Titles and Explanation Debit Credit 1. 2 Question 3 of 4 - / 25 IN 1 2 3 T 44 5. (To reverse account previously written off) (To record the collection of accounts receivable) e Textbook and Media List of Accounts 16-8386-59ef074bbc73#/question/2 Question 3 of 4 > - / 25 accounts (use T-accounts, and determine the balances. (Post entries in the order of journal entries presented in the previous part) Accounts Receivable v V Allowance for Doubtful Accounts e Textbook and Media List of Accounts Question 3 of 4 -725 Prepare the Journal entry to record bad delst expense for 2020, assuming that an aging of accounts recevable indicates that expected bad debts are R$ 114,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually! Account Titles and Explanation Debit Credit 1 e Textbook and Media List of Accounts Compute the accounts receivable turnover for 2020 assuming the expected bad debt information provided in (c. (Round answer to 2 decimal places, eg. 25.25.) Accounts recelvable turnover ratio times eTextbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Stoc Later

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