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Problem 8-1A (Part Level Submission) At December 31, 2018, Bramble Corp. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $972,000 82,000 During 2019, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $3,715,300 46,000 2,859,000 91,000 30,000 (a) Your answer is correct. Enter the January 1, 2019, 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.) Accounts Receivable Bal. A 46,000 Ba, 3 1972,000112 7 (1) + | 3,715,300|(3) : 12,859,000 15 : 30,000)|() : 91,0 30,000 30,000 Bal. A Bal. 3 1 16913002 591300 Allowance for Doubtful Accounts T (4) DT 91,000 || Bal. A T TATT (5) AT I Bal. : ( 82,000 30,000 21000 Click if you would like to Show Work for this question: Open Show Work (c) Your answer is correct. Prepare the journal entry to record bad debt expense for 2019, assuming that an aging of accounts receivable indicates that expected bad debts are $151,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 30300 Allowance for Doubtful Accounts 130300 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 2 of 15 used (d) x Your answer is incorrect. Try again. Compute the accounts receivable turnover for 2019, assuming the expected bad debt information provided in (c). (Round answer to 2 decimal places, e.g. 25.25.) Accounts receivable turnover ratio 3.05 times Click if you would like to Show Work for this question: Open Show Work