At December 31, 2021, Concord Co. reported the following information on its balance sheet. During 2022 , the company had the following transactions related to receivables. No Account Titles and Explanation Debit Credit 1. Accounts Receivable Sales Revenue 2. Sales Returns and Allowances Accounts Receivable 3. Cash 2,801,100 Accounts Receivable 4. Allowance for Doubtful Accounts Accounts Receivable 5. Accounts Receivable 28,000 Allowance for Doubtful Accounts (To reverse account previously written off.) Cash 28,000 Accounts Receivable (To record the collection of accounts receivable.) Your answer is correct. Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two _. mints (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part.) Compute the accounts receivable turnover and average collection period for 2022 . (Round accounts receivable tumover to 2 decimal places, eg. 25.25 and average collection period to 1 decimal place, e. . 25.2.) times Accounts receivable turnover ratio days Average collection period Prepare the journal entry to record bad debt expense for 2022, assuming that an aging of accounts receivable indicates that expected uncollectibles are $115,000. (Credit account titles are automatically indented when amount is entered. Do not indent