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Current Attempt in Progress At December 31, 2021, Sunland Industries reports the following selected accounts from the unadjusted trial balance for its first year of

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Current Attempt in Progress At December 31, 2021, Sunland Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Prepare the journal entry to record the bad debt expense on December 31, 2021, assuming the credit manager estimates that 4. of the accounts receivable will become uncollectible. (Credit occount tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts) Date Account Titles and Explanation Debit Credit Prepare the current assets section of the balance sheet for 5 unland Industries on December 31,2021 . (List Current Assets in order ate Window/5 of liquidity. Enter account name only and do not provide descriptive informition.) SUNLAND INDUSTRIES Balance Sheet (Partial) Assets Question 4 of 5 120; eTextbook and Media List of Accounts Calculate the receivables turnover and collection period, (Remember that this is the end of the first year of business.) (Round answers to 1 decimal ploce, eg. 52.7. Use 365 days for calculation.) Receivables turnover times Average collection period days eTextbook and Media

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