At December 31, 2016, Bridgeport Corp. Imports reported this information on its balance sheet. $646.200 36,640 Accounts receivable Less: Allowance for doubtful accounts During 2017, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,852,300 94,460 2,533,800 42,550 14,690 Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically indente Your answer is partially correct Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries t and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable 646200 (1) 2852300(2) 14690 (3) 94460 (2) 2533800 (3) 42550 14690 Bal. 827690 Allowance for Doubtful Accounts 42550 | | | (2) # 36640 14690 Bat 64500 eTextbook and Media List of Accounts Your answer is incorrect. Compute the accounts receivable turnover. (Round answer to 1 decimal place,es. 12.5.) Accounts receivable turnover 4.4 times eTextbook and Media List of Accounts X Your answer is incorrect Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.5) Average collection period 82.9 days eTextbook and Media List of Accounts