Question 24 (1 point) Question 49) The December 31, 2018 statement of financial position of Ocean Breezes Ltd reported Accounts Receivable of $450,000 and the Allowance for Doubtful Accounts of $45,000 (credit). During 2019, the following selected transactions occurred: 1. service revenue billed on account: $1,500,000; 2. accounts receivable written off: $37,000; 3. previously written off accounts of $4,000 were collected. The journal entry for transaction 2 would involve: Od a credit of $37,000 to allowance for doubtful accounts. Oc. a debit of $37,000 to cash. O a. a debit of $37,000 to bad debt expense. b. a debit of $37,000 to allowance for doubtful accounts. O e a debit of $37,000 to accounts receivable. Question 25 (1 point) Question 48) The financial statements of Andreo Manufacturing Inc. reports credit sales of $500,000 and accounts receivable of $60,000 and $40,000 at the beginning of the year and end of the year, respectively. What is the average collection period for accounts receivable in days