prepare journal entries, use t accounts, prepare journal entry for bad debt expense, and compute accounts receivable turnover and average collection period

Question 6 of 10 View Policies Current Attempt in Progress At December 31, 2021, Pina Co. reported the following information on its balance sheet. $960,100 Accounts receivable Less: Allowance for doubtful accounts 78.200 During 2022, the company had the following tramactions related to receivables 1 $3,739,000 2 49.400 Sales on account Sales returns and allowances Collections of accounts receivable Write-ots of counts receivable deemed collectible Recovery of accounts previously written off as uncollectie 2814,000 4 90,500 28.000 5 Prosure the tournal entries to recordsach of these tive transaction Assume that no coshalscounts were taken on the collection of most of solders Credit account tortomatically indented when amount intendo not indian Question 6 of 10 > - /10 E 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 Boods sold entries) Credit accounttiles are automatically indented when amount is entered Do not indent manually No Account Titles and Explanation Debat Credit 1 Enter the January 1, 2022. 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 ouma entries presented in the previous part) Accounts Receivable Allowance for Doubtful Accounts Textbook and Media Question 6 of 10 -/10 Prepare the journal entry to record bad debt opens for 2022, assuming that naging of accounts receivable indicates that expected collecties are $115.000.Credit account titles are automatically indented when amount hented Do not indent ma Account Tities and Explanation Debt Credit eTextbook and Media List of Accounts Com the councivalile turnerand collection period for 2002. Verta decimal pl. 2525 ond action period to decimo. 253 Achat Armourtim pred dan Techos and Media