Question: answer for thumbs Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4. Accounts receivable turnover times Prepare the journal entry to


Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4. Accounts receivable turnover times Prepare the journal entry to record bad debt expense for 2025 , assuming that aging the accounts receivable incticates that estimated bad debts are $45,000. (List debit entry before credit entry. 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 0 for the amounts.) Accounts Receivable (5) Bal. Y 760,000 Allowance for Doubtful Accounts 40,000 At December 31, 2024, Sheridan Imports reported this information on its balance sheet. During 2025 , the company had the following transactions related to receivables
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