At December 31, 2013, Dean Co. reported the following information on its balance sheet.

Accounts receivable	$970,370
Less: Allowance for doubtful accounts	74,230

During 2014, the company had the following transactions related to receivables.

1.	Sales on account	$3,345,830
2.	Sales returns and allowances	54,680
3.	Collections of accounts receivable	2,842,000
4.	Write-offs of accounts receivable deemed uncollectible	92,260
5.	Recovery of bad debts previously written off as uncollectible	29,030

Enter the January 1, 2014, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T accounts), and determine the balances.(Post entries in the order of journal entries presented in the previous part.)

Accounts Receivable
(1)(2)(3)(4)(5)Bal.970,370		(2)54,680
(1)3,345,830		(3)2,842,000
(5)29,030		(4)92,260
(1)(2)(3)(4)(5)Bal.xxx		(529,030
(1)(2)(3)(4)(5)Bal.1,327,260		xxxx
Allowance for Doubtful Accounts
(1)(2)(3)(4)(5)Bal.		(1)(2)(3)(4)(5)Bal.
(1)(2)(3)(4)(5)Bal.		(1)(2)(3)(4)(5)Bal.
(1)(2)(3)(4)(5)Bal.		(1)(2)(3)(4)(5)Bal.

Prepare the journal entry to record bad debts expense for 2014, assuming that an aging of accounts receivable indicates that expected bad debts are $125,810.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
Bad debit expense
Allowance for doubtful accounts

Compute the accounts receivable turnover ratio for 2014.(Round answer to 2 decimal places, e.g. 25.50.)

Accounts receivable turnover ratio

times