Problem 9-1A At December 3 Accounts receivable Less: Allowance for doubtful accounts During 2017, the company had the following transactions related to receivables. 1, 2016, House Co. reported the following information on its balance sheet. $960,200 80,700 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible $3,704,500 50,500 2,811,600 90,200 29,350 5. Recovery of bad debts previously written off as uncollectible Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use Taccounts), and determine the baliances entries in the order of journal entries presented in the previous part.) FUL. SCREEN PRNTER VERSON -BACK Accounts Receivable Bal. v $960,200 (2) 50,500 (1) $3,704,500 (3) 2,811,600 29,350 (4) 90,200 29,350 4694050 Allowance for Doubtful Accounts 90,200 Bal. 80,700 (5) T 29,350 4694050 Your answer is partially correct. Try again. FULL SCREEN PRINTER VERSION Prepare the journal entry to record bad debt expense for 2017, assuming that an aging of accounts receivable indicates that expe automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Bad Debt Expense 115000 Allowance for Doubtful Accounts 115000 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT X Your answer is incorrect. Try again. Compute the accounts receivable turnover for 2017 assuming the expected bad debt information provided in (c) (Round answer to 2 decimal places, e.g. 25.25.) Accounts receivable turnover ratio 2.0 times