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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

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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 occount tities are automatlcally indented when omount is entered. Do notindent manualfyd At December 31, 2021, Nash Co. reported the following 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 an aging of accounts receivable indicates that expected uncollectibles are $115,000. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Compute the accounts receivable tumover and average collection period for 2022 . (Round accounts recelvable turnover to 2 decimal places, es. 25.25 and overage collection period to 1 decimal place, es. 25.2.) Accounts receivable turnover ratio times Average collection period days 5. (To reverse account previously written off.) (To record the collection of accounts receivable.) 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 joumal entries presented in the previous part)

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