Problem 9-01A a-d (Video) At December 31, 2019, Pharoah Co.reported the following information on its balance sheet Accounts receivable $967,500 Less: Allowance for doubtful accounts 81.000 During 2020, the company had the following transactions related to receive bles. 1. Sales on account $3,733,800 2. Sales returns and allowances 48.200 3. Collections of accounts receivable 2,800,200 4. Write-offs of accounts receivable deemed uncollectible 90,400 Recovery of bed debts previously written off as uncollectible 27,550 Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts recevable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Dcbit Credit 2. (To reverse account previously written off.) (To record the collection of accounts receivable.) LINK TO TEXT LINK TO TEXT LINK TO TEXT Enter the January 1, 2020, 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 foumal entries presented in the previous part.) Accounts Receivable . . Allowance for Doubtful Accounts . . LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $115,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute the accounts receivable tumover for 2020 assuming the expected bad debt information provided in (c), (Round answer to 2 decimal places, e.g. 25.25.) Accounts receivable turnover ratio times Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT