At December 31, 2016, Kingbird, Inc. Imports reported this information on its balance sheet.

Accounts receivable		$630,100
Less: Allowance for doubtful accounts		36,160

During 2017, the company had the following transactions related to receivables.

1.		Sales on account		$2,988,600
2.		Sales returns and allowances		76,392
3.		Collections of accounts receivable		2,505,300
4.		Write-offs of accounts receivable deemed uncollectible		44,220
5.		Recovery of bad debts previously written off as uncollectible		14,700

Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS CALCULATOR PRINTER VERSION Prepare the journal entry to record bad debt expense for 2017, assuming that aging the accounts receivable indicates that estimated bad debts are $93,288. (Credit account titles are automatically indented when amount is entered. Do not indent manually Credit Account Titles and Explanation SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4.) Accounts receivable turnover times SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.4.) Average collection period days