Question 3 At December 31, 2017, the trial balance of Blue Spruce Corp. contained the following amounts before adjustment. Debit Credit $180,300 Accounts Receivable Allowance for Doubtful Accounts 1,460 Sales Revenue 855,400 had debt edule indicates that $9,260 of accounts receivable will be uncollectible the (h) Reneat part (a), assuming that instead of a credit balance there is a $1.460 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2018, a $2,040 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Blue Spruce Corp. 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.) Debit Credit No. Account Titles and Explanation (a) (b) (c) (d) LINK TEXT Question 5 Suppose the amounts presented here are basic financial information (in millions) from the 2017 annual reports of Nike and adidas. Nike adidas $20,161 $9,941 Sales revenue Allowance for doubtful accounts, beginning 84.6 108 120 Allowance for doubtful accounts, ending 133 3,128 1,797 Accounts receivable balance (gross), beginning Accounts receivable balance (gross), ending 3,243.0 1,611 Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike adidas times times Accounts receivable turnover LINK TO TEXT Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Nike adidas days days Average collection periad LINK TO TEXT