At December 31, 2019, Skysong, Inc. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $953,000 72,000 During 2020, 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 $3,848,200 54,000 2,785,000 98,000 29,000 Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accou indented when amount is entered. Do not indent manually.) Debit Credit No Account Titles and Explanation Accounts Receivable 3848200 Sales Revenue 3848200 Sales Returns and Allowances Accounts Receivable Cash Accounts Receivable Accounts Receivable Accounts Receivable Allowance for Doubtful Accounts (To reverse account previously written off.) Cash Accounts Receivable (To record the collection of accounts receivable.) Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $257 automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts eTextbook and Media List of Accounts X Your answer is incorrect. Compute the accounts receivable turnover for 2020, assuming the expected bad debt information provided in (c), (Round answer to 2 decimal places... 25 Accounts receivable turnover ratio times