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At December 31, 2016, Shamrock, Inc. Imports reported this information on its balance sheet. During 2017, the company had the following transactions related to receivables. Your answer is correct Accounts Receivable Allowance for Doubtful Accounts Prepare the journal entry to record bad debt expense for 2017 , assuming that aging the accounts receivable indicates that estimated bad debts are $87,222. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Compute the accounts receivable turnover. (Round answer to 1 decimal place, eg. 12.5. Accounts receivable turnover times eTextbook and Media List of Accounts Your answer is incorrect. Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.5.) Average collection period