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Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine

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Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part) 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 tities ore outomatically indented when amount is mitert Do notindent manueling) Compute the accounts receivable tumover and average collection period for 2022. (Round occounts recelvable turnover to 2 decimal places, eg. 25.25 and averoge collection period to 1 decimal place, eg 25.2) Accounts recelvable turnover ratio times Average collection period days Prepare the journal entry to record bad debt expense for 2022, assuming that an aging of accounts receivable indicates that expected uncollectibles are $115,000, (Credit account titles are outomatically indented when amount is entered. Do not indent manuolly) At December 31, 2021, Nash Co. reported the following information on its balance sheet. During 2022, the company had the following transactions related to receivables. 5. (To reverse account previously written off.) (To record the collection of accounts receivable.)

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