The Ski Factory provided the following information at December 31, 2015:

Marketable Securities
The company invested $52,000 in a portfolio of marketable securities on December 22, 2015. The portfolio's market value on December 31, 2015, had increased in value to $57,000.
Notes Receivable
On November 1, 2015, The Ski Factory sold 250 pairs of skis to Arctic Lodge for $130,000. The lodge paid $10,000 at the point of sale and issued a one-year, $120,000, 5 percent note for the remaining balance. The note, plus accrued interest, is due in full on October 31, 2016. The Ski Factory adjusts for accrued interest revenue monthly.
Accounts Receivable
The Ski Factory uses a balance sheet approach to account for uncollectible accounts expense. Outstanding accounts receivable on December 31, 2015, total $900,000. After aging these accounts, the company estimates that their net realizable value is $870,000. Prior to making any adjustment to record uncollectible accounts expense, The Ski Factory's Allowance for Doubtful Accounts has a credit balance of $8,000.
Instructions
a. Prepare the journal entry necessary to update the company's accounts immediately after performing its bank reconciliation on December 31, 2015.
b. Prepare the journal entry necessary to adjust the company's marketable securities to market value at December 31, 2015.
c. Prepare the journal entry necessary to accrue interest in December 2015.
d. Prepare the journal entry necessary to report the company's accounts receivable at their net realizable value at December 31, 2015.
e. Discuss briefly how the entry performed in part d affects the accounts receivable turnover rate. Does the write-off of an account receivable affect the accounts receivable turnover rate differently than the entry performed in part d? Explain.

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Bank Reconciliation General ledger cash balance, Bank statement balance, $35,132 12/31/15 ,10 Returned customer checks Error in recording of office Adjusted cash balance, (2,712) Adjusted cash balance $34 800 2311