WAS Assessment Player T Question 21 "Is View Policies Current Attempt in Progress At December 31, 2019, Kingbird. Inc. reported the following information on its balance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts 78,000 Du ring 2020, the company had the following transactions related to receivables. 1. Sala on account $3,661,620 2. Sales returns and allowances 46,000 3. Collections of accounts receivable 2,846,000 4. Write-offs of accounts receivable deemed uncollectible 82,000 5. Recovery of bad debts previously written off as uncollectible 30,000 Prepare the journal entries to record each of these ve transactions. Assume that no cash discounts were taken on the collections of accounts receivable. {Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Cred No Account ties and Explana l. WAS Assessment Player T (To reverse account previously written offJ (To record the collection of accounts receivable.) eTextbook and Media List of Accounts Enter the January 1, 2020, 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 WAS Assessment Player T Enter the January 1, 2020. 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 jaurnai entries presented in the previous part} Accounts Receivable A v r A A v v A A r v A A r v v A , Allowance for Doubtful Accounts A v w A A v v A A v v eTextbook and Media List of Accounts Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $61,620. {Credit account titles are automatically indented when amount is entered. Do not indent manually.) tin and Explanation Debit m ea : t v WAS Assessment Player T i assessmemeducalionnmley.com Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are 561,620. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Mooun tls and Explanation Debit Credit eTextbaok and Media List of Accounts Compute the accounts receivable turnover for 2020, assuming the expected bad debt information provided in it). {Round answer toZ decimal places, e3. 25.25.} Accounts receivable turnover ratio times eTextbook and Media List of Accounts Save for Later Attempts: unlimited