calculate accounts receivable and average collection peroid

At December 31, 2021, Cheyenne Co. reported the following information on its balance sheet. $ 967,400 Accounts receivable Less: Allowance for doubtful accounts 81,100 During 2022, the company had the following transactions related to receivables. 1. 2 $ 3,651,500 49,600 3 Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible 2,800,300 4 92,500 5. 28,000 Prepare the journal entry to record bad debt expense for 2022, assuming that an aging of accounts receivable indicates that expected uncollectibles are $ 115,000. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 98.400 Allowance for Doubtful Accounts 98.400 Compute the accounts receivable turnover and average collection period for 2022. (Round accounts receivable turnover to 2 decimal places, e.g. 25.25 and average collection period to 1 decimal place, eg. 25.2) Accounts receivable turnover ratio times Average collection period days Accounts Receivable Bal. 967,400 2. 49,600 3,651,500 2,800,300 28,000 4 v 92,500 28,000 Bal. 1,676,500 Allowance for Doubtful Accounts 92.500 Bal. 81.100 28.000 Bal. 16,600