Hi can you please help me to explain every question regarding 2020?

And also does allowance for doubtful accounts (debit) means the same as written off?

Jayco Inc. started its operations in 2019 Its sales during 2019, all on account, totalled $700,000. The company collected $500.000 in cash from customers during the year and wrote off $8,000 in uncollectible accounts. The company set up an allowance for doubtful accounts at December 31, 2019, its fiscal year-end, and determined the account balance to be $14,000. The unadjusted balances of selected accounts at December 31, 2020 are as follows: Accounts receivable Allowance for doubtful accounts (debit) Sales revenue (including 80 percent in sales on account) $388,888 10,000 860, ese Aging of the accounts receivable on December 31, 2020, resulted in an estimate of $11,000 in potentially uncollectible accounts. Required: 1. Prepare the journal entries to record all the transactions during 2019 and post them to appropriate T-accounts. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) No Transaction General Journal Debit Credit A 1 Accounts receivable 700,000 Sales revenue 700,000 B 2 Cash 500,000 Accounts receivable 500,000 c 3 8,000 Allowance for doubtful accounts Accounts receivable 8,000 22,000 D 4 Bad debt expense Allowance for doubtful accounts 22,000 Accounts Receivable Allowance for Doubtful Accounts Beg. bal. Beg bal Credit sales 700,000 Write-offs 8,000 22,000 Bad debt expense 500,000 Collections 8.000 Write-offs End, bal 192,000 End, bal. , 14.000 2. Prepare the joumal entries to record all the transactions during 2020 and post them to appropriate T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit A A 1 Accounts receivable Cash Sales revenue 640,000 160,000 800,000 B 2 24,000 Allowance for doubtful accounts Accounts receivable 24.000 C 3 500,000 Cash Accounts receivable 500.000 D 4 7,000 Bad debt expense Allowance for doubtful accounts 7,000 Allowance for Doubtful Accounts 14.000 Beg, bal Credit sales Accounts Receivable 192,000 640,000 500,000 Collections 10,000 Write-offs Beg, bal Unadj. Bal 14,000 End, bal 322,000 End, bal. 14,000 3. Compute the receivables turnover ratio and the average collection period for 2020. (Use 365 days a year. Round "Receivables turnover" to 2 decimal places and other answer to nearest whole number.) times Receivables turnover Average collection period days 4. Does the write-off of accounts receivable affect the current ratio? O Yes 5. Does the recording of bad debt expense affect the receivables turnover ratio? O Yes O No