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Need some help. Will rate if the answer is correct. Problem 8-02A At December 31, 2021, Suisse Imports reported this information on its balance sheet.

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Need some help.
Will rate if the answer is correct.
Problem 8-02A At December 31, 2021, Suisse Imports reported this information on its balance sheet. Accounts receivable $600,000 Less: Allowance for doubtful accounts 37,000 During 2022, the company had the following transactions related to receivables. 1. Sales on account $2,500,000 2. Sales returns and allowances 50,000 3. Collections of accounts receivable 2,200,000 4. Write-offs of accounts receivable deemed uncollectible 41,000 5. Recovery of bad debts previously written off as uncollectible 15,000 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 are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit enter a debit amount enter a credit amount 1. enter an account title to record the first transaction entera debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the third transaction enter a debit amount enter a credit amount enter an account title to record the third transaction enter a debit amount enter a credit amount enter an account title to record the fourth transaction enter a debit amount enter a credit amount enter an account title to record the fourth transaction enter an account title to record the fifth transaction to reinstate account enter a debit amount 5. enter a credit amount previously written off enter an account title to record the fifth transaction to reinstate account enter a debit amount enter a credit amount previously written off (To reinstate account previously written of enter a debit amount enter a credit amount enter an account title to record the fifth transaction enter a debit amount enter a credit amount enter an account title to record the fifth transaction (To record collection of accounts recevable) Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a credit amount enter a debit amount choose a transaction date enter a debit amount choose a transaction date choose a transaction date enter a credit amount choose a transaction date enter a credit amount choose the end date of the accounting enter a debit amount choose a transaction date enter a debit balance choose the end date of the accounting period Allowance for Doubtful Accounts enter a debit amount choose a transaction date enter a credit balance period choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debt balance enter a credit balance choose the end date of the accounting period Prepare the journal entry to record bad debt expense for 2022, assuming that aging the accounts receivable indicates that estimated bad debts are 546,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit enter an account title for the joumal entry to record the bad debt expense for enter a debit amount enter a credit amount 2022 enter an account title for the journal entry to record the bad debt expense for enter a debt amount enter a credit amount 2022 times Compute the accounts receivable turnover (Round answer to decimal place, w.g. 12.6.) Accounts receivable tumover enter the accounts receivable tumover in times rounded to 1 decimal place Compute the average collection period. (Round answer to 1 decimal place, 0.9. 12.4. Use 365 days for calculation) Average collection period enter the average collection period in days rounded to 1 decimal place days

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