Current Attempt in Progress At December 31, 2024, Sunland Imports reported this information on its balance sheet. During 2025 , the company had the following transactions related to receivables. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (To reinstate account previously written off) 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 journal entries presented in the previous part.) Prepare the journal entry to record bad debt expense for 2025 , assuming that aging the accounts receivable indicates that estimated bad debts are $51,000. (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 titles and enter O, for the amounts.) eTextbook and Media List of Accounts Compute the accounts receivable turnover. (Round answer to 1 decimal place, es. 12.4.) Accounts receivable turnover times Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.4. Use 365 days for calculation.) Average collection period days List of Accounts