At December 31, 2016. Martinez Corp. Imports reported this information on its balance sheet. During 2017, the company had the following transactions related to receivables. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually (To reinstate account previously written off) 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) Prepare the journal entry to record bad debt expense for 2017, assuming that aging the accounts receivable indicates that estimated bad debts are 567,940 , (Credit account titles are automatically indented when amount is entered. Do not indent manually) Compute the accounts receivable turnover. (Round answer to 1 decimal place, es. 12.5.) Accounts receivable turnover times List of Accounts Compute the average collection period. (Round answer to 1 decimal place, es. 12.5.) Average collection period days eTextbook and Media