at december 31, 2024, Sheridan Imports reported this information on its balance sheet.

Enter the January 1,2025, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two sccounts and determine the balances. (Post entries in the order of Joumal entries presented in the previous part.) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable (Onvit cost of goods sold entries) (tist aff debit entrles before credit entries. Credit account titles are automatically indented when omount is entered, Do not indent manually, if no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) Compute the average collection period. (Round answer to 1 decimal place, eg. 12.4. Use 365 days for calculation) Average collection period days List of Accounts Prepare the journal entry to record bad debt expense for 2025 , assuming that aging the accounts receivable indicates that estimated bad debts are $50,000, (ust debit entry before credit entry. Credft account tities are automaticalfy indented when amouint is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) eTextbook and Media List of Accounts Compute the accounts receivable turnover, (Round answer to 1 decimal place, 8.5,12.4 ) Accounts recelvable turnover times At December 31, 2024. Sheridan Imports reported this information on its balance sheet. During 2025 , the company had the following transactions related to receivables. Accounts Receivable Allowance for Doubtful Accounts 4. 5. (To reinstate account previously written off) (To record collection of accounts receivable)