At December 31, 2024, Cullumber Imports reported this information on its balance sheet

At December 31,2024 , Cullumber imports reported this information on its balance sheet. During 2025, the company had the following transactions related to receivables. Your answer is partially correct. Prepare the journal entries to record each of these fivo transactions. Assume that no cash discounts were taken on the coliectians of accounts recelvable. (Omit cost of goods sold entries.) (List all debit entries before credit entries. Credit account tilies are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titts and enter O for the amounts.) (To reinstate account previously written off) (To record collection of accounts recervable) Enter the January 1, 2025, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances, (Post entries in the arder of lowmal entries presented in the previous part) Enter the January 1, 2025, bsances in Accounts Receivable and Allowance for Doubt ful Accounts, post the thines to the two accounts and determine the bulances. Fest entries in the order of joural enthies bresented in the previous part) Prepare the journal entry to record bad debt expense for 2025 , assuming that aging the accounts receivable indicates that estimated bad debts are $46,000. (List debit entry before credit entry. Credit account titles are aitomaticaliy indented when amount is entered. Do not indent manualily if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Compute the accounts receivable turnover. (Round answer to 1 decimal ploce, es, 12.4.) Accounts recelvable turnover times Your answer is incorrect. Compute the average collection period. (Round answer to 1 decimal place, es. 12.4. Use 365 days for calculotion.J. Average collection period days eTextbook and Media List of Accounts