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Please answer D At December 31, 2021, 5wifty Corporation reported this information on its balance sheet. During 2022 , the company had the following transactions
Please answer D
At December 31, 2021, 5wifty Corporation reported this information on its balance sheet. During 2022 , the company had the following transactions related to receivables. Prepare the journal entry to record bad debt expense for 2022 , assuming that aging the accounts receivable indicates that estimated uncollectibles are $45,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Compute the accounts receivable turnover and average collection period, assuming the expected uncollectibles information provided in (c). (Round answers to 1 decimal place, e.g. 25.2. Use 365 days for calculation.) Accounts receivable turnover times Average collection period daysStep by Step Solution
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