During its first year of operations, Bridgeport Corp. had credit sales of $2,791,300, of which $394,900 remained uncollected at year-end. The credit manager estimates that $18,080 of these receivables will become uncollectible.

Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

	Account Titles and Explanation	Debit	Credit
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Prepare the current assets section of the balance sheet for Bridgeport Corp., assuming that in addition to the receivables it has cash of $84,690, merchandise inventory of $168,600, and supplies of $12,510. (List current assets in order of liquidity)

Bridgeport Corp. Balance Sheet (partial) choose the accounting period For the Quarter Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
select an opening section name Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
enter a balance sheet item					$enter a dollar amount
enter a balance sheet item			$enter a dollar amount
select between addition and deduction AddLess: enter a balance sheet item			enter a dollar amount		enter a subtotal of the two previous amounts
enter a balance sheet item					enter a dollar amount
enter a balance sheet item					enter a dollar amount
select a closing section name Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity					$enter a total amount for this section

eTextbook and Media

List of Accounts

Calculate the accounts receivable turnover. Assume that average net accounts receivable were $308,000. (Round answers to 1 decimal place, e.g. 12.5.)

Accounts receivable turnover ratio

enter the accounts receivable turnover ratio in times rounded to 1 decimal place

times