compute the accounts recievable

turnover

(To record collection of accounts recelvable) Prepare the journal entry to record bad debt expense for 2025 , assuming that aging the accounts receivable indicates that estimated bad debts are $9,000. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and cnter o for the amounts.) At December 31, 2024, Pharoah Imports reported this information on its balance sheet. During 2025, the company had the following transactions related to receivables. Enter the January 1,2025, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances, (Post entries in the order of journaf entrles presented in the previous part.) Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4.) Accounts receivable turnover times eTextbook and Media List of Accounts Your answer is incorrect Compute the average collection period. (Round answer to 1 decimal place, e.8. 12,4. Use 365 days for calculation.) Average collection period days Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)