Question 21 of 25 7 10 TE View Policies Current Attempt in Progress Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending $18,684.3 81.0 112.0 3,098.0 3,221.0 Adidas $8,662.0 121.0 122.0 1.632.0 1,451.0 (a1) Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike Adidas Accounts receivable turnover times times Save for Later Attempts: 0 of 1 used Submit Answer At December 31, 2022, the trial balance of Swifty Corporation contained the following amounts before adjustment. Credit Debit $189,900 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $ 1,410 865,500 (a) Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $10,650 of accounts receivable will be uncollectible. (b) Repeat part (a), assuming that instead of a credit balance there is a $1,410 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2023, a $2,180 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Swifty Corporation uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Bad Debt Expense Allowance for Doubtful Accounts (b) Bad Debt Expense Allowance for Doubtful Accounts (c) Allowance for Doubtful Accounts Accounts Receivable (d) Bad Debt Expense Accounts Receivable