Brief Exercise 8-11 a-b, c1-c2 During its first year of operations, Splish Brothers Inc, had credit sales of $2,873,700, of which $386,700 remained uncollected at year-end. The credit manager estimates that $16,920 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the current assets section of the balance sheet for Splish Brothers Inc., assuming that in addition to the receivables it has cash of $85,580, merchandise inventory of $191,840, and supplies of $13,680. (List current assets in order of liquidity) Splish Brothers Inc. Balance Sheet (partial) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Calculate the accounts receivable turnover. Assume that average net accounts receivable were $317,400. (Round answer to 1 decimal place, e.g. 12.5.) times Accounts receivable turnover ratio SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Calculate the average collection period. (Use 365 days for calculation. Round answer to 1 decimal place, e.g. 12.5.) days Average collection period Click if you would like to Show Work for this question: Open Show Work SHOW UST OF ACCOUNTS LINK TO TEXT LINK TO TEXT