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List Of Accounts Brief Exercise 8-10 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expense:s Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense Brief Exercise 8-10 uring its first year of operatiors, Waterway Industries had credit sales of $2,742,00D, of which $4D5,0DD remained uncollected at year end. The credit manager esimates that $16,29D of these recelvables will becane uncollectible. Yaur answer is partially correct. Try again Prepare the jaurnal entry to recard the estimated urncollectibles. (Assume an unadjusted balance of zera in Allowance for Doubtful Accaunts.) (Credit account titles are automatically indented when amount is entered. Do not indent manualy.) Account Titles and Explanation Debit Credit ad Debt Expense llowance for Doubtful Your answr is partially corm. Try again renare the current assets section of the nalance sheet or waterway industr es, assuming that in addition to the recen a les t has cash af y/ 23U, merchandise inventory af/6 /D, and su plies of $14 Db (List current assets n onder of Nquid y) Waterway Industries Balance Sheet (partial) Recivab 97230 1629031 L llowante for Doubtrul ALurI Supplies 14060 nventorY 176370 rotal rrent Assets 368600 XYaur answer is incarrect. Try again. Calculete the accourits receivable turnover. Assurne that average net accourits receiveble were $301,700. (Round answers to 1 decimal place, e.g. 12.5) Accounts receivable turnover ratio imes x Your answer is incorrect. Try again. Calculate the average callectian period. (Round answers to 1 decimal place, e.g. 12.5.) Average collection per od deys