Current Attempt in Progress At December 31, 2021. Cullumber Company reported this information on its balance sheet $588.000 Accounts receivable Less: Allowance for doubtful accounts 35.000 During 2022, the company had the following transactions related to receivables. 1. $ 2.299,000 2. 50.000 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 2,115,000 4. 38,000 5. 15,000 a (a) 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) (Credit account titles are automatically indented when amount is iles and enter for the Video List of Accounts Attempts: 1 of 3 (d) Compute the accounts receivable turnover and average collection period, assuming the expected uncollectibles information provided in (c)(Round answers to 1 decimal place, e.3. 25.2. Use 365 days for calculation) Accounts receivable turnover times Average collection period days eTextbook and Media Assistance Used e lextbook 1 eTextbook 2 eTextbook 3 video! Video 2