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someone please help me with part D Prepare the journal entry to record bad debt expense for 2022 , assuming that aging the accounts receivable
someone please help me with part D
Prepare the journal entry to record bad debt expense for 2022 , assuming that aging the accounts receivable indicates that estimated uncollectibles are $45,000. (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 Ofor the amounts) Compute the accounts receivable turnover and average collection period, assuming the expected uncollect provided in (c). (Round answers to 1 decimal place, eg. 25.2. Use 365 days for calculation.) Accounts receivable turnover times Average collection period days Enter the January 1, 2022, 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 fournal entries presented in the prevfous part: Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of eccounts receivable. (Omit cost of goods sold entries.) (Credit account titles are outomatically indented when omount is chiterat Do not indent manually If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) At December 31, 2021, Kingbird, Inc. reported this information on its balance sheet. During 2022, the company had the following transactions related to receivables Step by Step Solution
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