For this question answer the following, please - Prepare the journal entry to record bad debt expense for 2017, assuming that aging the accounts receivable indicates that estimated bad debts are $ 76,412. Bad Debt Expense Allowance for Doubtful Accounts - Accounts receivable turnover? - Average collection period?

Your answer is correct. Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and deter Accounts Receivable 637,900 |(2) 2,920,000 (3) 15,740 (4) 89,848 2,501,200.00 41,230.00 15,740 Bal. Bal. 925,622 Allowance for Doubtful Accounts 41,230.00 Bal. 35,750 15,740 Bal. 10,260