compute the accounts receivabke turnover for 2019

Weygandt,Financial Accounting, 10e Help | System Announcements Problem 8-1A (Part Level Submission) At December 31, 2018, Novak Corp. reported the following information on its balance sheet. Accounts receivable $984,000 Less: Allowance for doubtful accounts 87,000 During 2019, the company had the following transactions related to receivables. 1. Sales on account $4,091,750 2. Sales returns and allowances 52,000 3. Collections of accounts receivable 2,762,000 4. Write-offs of accounts receivable deemed uncollectible 87,000 5. Recovery of bad debts previously written off as uncollectible 31,000 (a) Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were tak titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit Rlm/edugenhimain.un Return to Blackboard e Weygandt, Financial Accounting, 10e Help I System Announcements SHOW LIST OF ACCOUNTS CALCIALATOR PRINTER VERSION BACK NEXT LINK TO TEXT LINK TO TEXT INK TO T VIDEO: SIMILAR PROBLEM Attempts: 8 of 15 used (c) Your answer is correct Prepare the journal entry to record bad debt expense for 2019, assuming that an aging of accounts receivable indicates that expected bad debts are s585,750. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 554750 Allowance for Doubtful Accounts 554750 4P Click if you would like to Show Work for this question: Open Show Work saHOW LIST oF ACCOUNTS VIDEO: SIMILAR PROBLEM LINK TO TEXT LTNK TO TEXT LINK TO TEXT Attempts: 2 of 15 used 311 PM 10219 UlaEkboard Bunting, 10e System Announcements CALCILATOR PRINTER VERSION e BACK NEXT Allowance for Doubtful Accounts 554750 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXI LINK TO IEX LINK TO TEXT VIDEO SIMILAR PROBLEM Attempts: 2 of 15 used (d) Compute the accounts receivable turnover for 2019, assuming the expected bad debt information provided in (c). (Round answer to 2 decimal places, eg. 25.25.) Accounts receivable turnover ratio times Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNIS VIDEO: SIMILAR PROBLEM VIDEO: SIMILAR PROBLEM LINK TO TEXT LINK TO TEXT LINK TO TEXxT SUBMIT ANSWERS SAVE FOR LAIER Attempts: 0 of 15 used 1