Question: At December 3 1 , 2 0 2 1 , Kingbird, Inc. reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful

At December 31,2021, Kingbird, Inc. reported this information on its balance sheet.
Accounts receivable
Less: Allowance for doubtful accounts
38,000
During 2022, the company had the following transactions related to receivables.
Sales on account
Sales returns and allowances
Collections of accounts receivable
Write-offs of accounts receivable deemed uncollectible
Recovery of accounts previously written off as uncollectible
$2,470,000
55,000
2,170,000
40,000
15,000
(d)
6 Your answer is incorrect.
Compute the accounts receivable turnover and average collection period, assuming the expected uncollectibles information
provided in (c).(Round answers to 1 decimal place, e.g.25.2. Use 365 days for calculation.)
Accounts receivable turnover
times
Average collection period
days
eTextbook and Media
List of Accounts
 At December 31,2021, Kingbird, Inc. reported this information on its balance

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