Compute the accounts receivable turnover

At December 31, 2024, Pharoah Imports reported this information on its balance sheet. During 2025 , the company had the following transactions related to receivables. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accounts Receivable } \\ \hline Bal. & 633000 & (2) v & 52000 \\ \hline (1) & 2950000 & (3) & 2650000 \\ \hline (5) & 16000 & (4) & 44000 \\ \hline & & (5) & 16000 \\ \hline Bal. & 837000 & v & \\ \hline \multicolumn{4}{|c|}{ Allowance for Doubtful Accounts } \\ \hline (4) & 44000 & Bal. & 41000 \\ \hline & & (5) & 16000 \\ \hline & & Bal. & 13000 \\ \hline \end{tabular} Prepare the journal entry to record bad debt expense for 2025 , assuming that aging the accounts receivable indicates that estimated bad debts are $49,000. (List debit entry before credit entry. Credit occount titles are automatleally indented when amount is entered. Do not indent manually. If no entry is required, seiect "No Entry' for the account titles and enter O for the amounts.) Accounts receivable turnover = net sales revenue / average net accounts receivable Net sales revenue =2,950,00052,000 Average net accounts receivable =0.5 (beginning net AR - ending net AR ) Net AR= accounts receivable - allowance for doubtful accounts Beginning net AR (on 1/1/25) =633,00041,000 Ending net AR( on 12/31/25)=837,00049,000 Then ending balance of the allowance is 49,000=36,000+13,000 You calculated the ending balance of the allowance before recording bad debt expense in part (b). In part (c) you are told that "estimated bad debts are $49,000" - the $49,000 is the ending balance of the allowance after roconding the adjusting entry for bad debt expense. Compute the accounts receivable turnover. (Round answer to 1 decimal place, es. 12.4.) Accounts receivable turnover times