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Prepare the journal entry to record bad debt expense for 2022 , assuming that aging the accounts receivable indicates that estimated uncollectibles are $46,000. (Credit
Prepare the journal entry to record bad debt expense for 2022 , assuming that aging the accounts receivable indicates that estimated uncollectibles are $46,000. (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 0 for the amounts.) At December 31, 2021, Marigold Corp. reported this information on its balance sheet. During 2022, the company had the following transactions related to receivables. 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 days
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