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At December 31,2018 , Novak Corp. reported the following information on its balance sheet. During 2019 , the company had the following transactions related to

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At December 31,2018 , Novak Corp. reported the following information on its balance sheet. During 2019 , the company had the following transactions related to receivables: Prepare the journal entry to record bad debt expense for 2019, assuming that an aging of accounts receivable indicates that expected bad debts are $585,750. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Compute the accounts receivable turnover for 2019, assuming the expected bad debt information provided in (c). (Round answer to 2 decimal ploces, es. 25.25.)

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