At December 31, 2021, Oriole Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $620,000 42,000 During 2022, 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 $2,810,000 63,000 2,510,000 44,000 15,000 determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable Bal. 620000 63000 Bal. (1) (5) y 620000 2810000 15000 (2) (3) (4) 2510000 44000 | 15000 Bal. V 813000 Allowance for Doubtful Accounts (4) ) [ 44000 44000 Bal. 7 42000 15000 13000 * Your answer is incorrect. Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4.) Accounts receivable turnover 4.0 times e Textbook and Media List of Accounts X Your answer is incorrect. Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.4. Use 365 days for Average collection period 91.3 days