Please answer D (last picture)

At December 31, 2017, Runner Imports Inc. reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $637,000 39,000 During 2018, the company had the following summary transactions related to receivables and sales. Runner uses the perpetual inventory system. 1. Sales on account amounted to $2,544,000. The cost of the inventory sold was $2,213,280. 2. Sales returns and allowances with a total sales price of $43,000 and a cost of $37,410 were restored to inventory. 3. Collections of accounts receivable were $2,218,000. 4. Write-offs of accounts receivable deemed uncollectible, $43,600. 5. Recovery of bad debts previously written off as uncollectible, $15,400. Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (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 for the amounts.) Credit No. Account Titles and Explanation 1. Accounts Receivable Debit 2,544,000 Sales 2,544,000 (To record sales) Cost of Goods Sold 2,213,280 Inventory 2,213,280 (To record cost of the merchandise sold) Sales Returns and Allowances 2. 43,000 43,000 Accounts Receivable (To record sales returns and allowances) Inventory 37,410 Cost of Goods Sold 37,410 (To record cost of sales on sales returns) Cash 2,218,000 Accounts Receivable 2,218,000 Allowance for Doubtful Accounts 43,600 Accounts Receivable 43,600 Accounts Receivable 15,400 Allowance for Doubtful Accounts 15,400 (To reverse write-off of account receivable) Cash 15,400 15,400 Accounts Receivable (To record recovery of uncollectible amount) Your answer is correct. Enter the January 1, 2018, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T accounts), and determine the balances before any year-end adjustments. (Post entries in the order of journal entries presented in the previous question.) Accounts Receivable 637,000 | (2) 43,000 Beg. Bal. A (1) A 2,218,000 2,544,000 || (3) 15,400 |||(4) |(5) 43,600 15,400 End. Bal. 876,400 || Allowance for Doubtful Accounts 43,600 Beg. Bal. 39,000 (5) 15,400 End. Bal. 10,800 (d) X Your answer is incorrect. Calculate the receivables turnover ratio and average collection period. (Round receivables turnover to 1 decimal place, e.g. 5.2. Round average collection period to nearest whole day, e.g. 15.) Receivables turnover ratio times Average collection period 104 days