t December 31, 2018, Skysong, Inc. reported the following information on its balance sheet. ccounts receivable ess: Allowance for doubtful accounts uring 2019, the company had the following transactions related to receivables. $953,000 72,000 $3,848,200 54,000 2,785,000 98,000 . Recovery of bad debts previously written off as uncollectible 29,000 Sales on account Sales returns and allowances Collections of accounts receivable . Write-offs of accounts receivable deemed uncollectible Your answer is correct. repare the journal entries to record each of these five transactions. Assume that no cash discour o Account Titles and Debit Credit ccounts Receivable 848,200 es Revenue 848,200 $4,000 .TSales Returns and Allowances ccounts Receivable 4,000 785,000 ccounts Receivable llowance for Doubtful Accounts ccounts Receivable 785,000 8,000 98,000 . TAccounts Receivable 9,000 llowance for Doubtful Accounts 9,000 To reverse account previously written off) $29,000 Cash $29,000 ccounts Receivable To record the collection of accounts receivable.) Your answer is correct. nter the January 1, 2019, balances in Accounts Receivable and Allowance for Doubtful Accounts Accounts Receivable Sal. 953,000 112 4,000 9,000T4 8,000 9,000 864,200 for Doubtful Accounts 8,000TBal. 2,000 9,000 Your answer is correct. repare the journal entry to record bad debt expense for 2019, assuming that an aging of accounts Account Titles and Explanation Debit Bad Debt Expense llowance for Doubtful Account X Your answer is incorrect. Try again. Credit 54,200 254.200 ompute the accounts receivable turnover for 2019, assuming the expected bad debt information ccounts receivable turnover ratio l6.68 times