View Policies Show Attempt History Current Attempt in Progress At December 31, 2019, Sheridan Medical reported the following information on its statement of financial position. R$ 956,100 Accounts receivable Less: Allowance for doubtful accounts B1.900 During 2020, the company had the following transactions related to receivables. R$ 3,657.200 2 Sales on account Sales returns and allowances Collections of accounts receivable 51,000 3. 2.815,200 90,100 4 Write-offs of accounts receivable deemed uncollectible 5 27.200 Recovery of bad debts previously written off as uncollectible Your answer is partially correct Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are R$ 116,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 53100 Bad Debit Expens 53100 Allowance for Doubtful Accounts List of Accounts Attempts: 3 of 3 used (d) ) (d) Your answer is incorrect. Compute the accounts receivable turnover for 2020 assuming the expected bad debt information provided in (c). (Round answer to 2 decimal places, e.g. 25.25.) times Accounts receivable turnover ratio List of Accounts Attempts: 2 of 3 used Submit Answer Save for Later Last saved 18 minutes ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes