this is the second time I have posted this please stop submiting wrong answers.

Question 6 of 8 9.77 / 15 Current Attempt in Progress At December 31, 2021. Wildhorse Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations Debit Credit Account Accounts receivable Accounts payable $658.000 $329,000 Cash 37.600 Cost of goods sold 1,645.000 Interest receivable 1,050 Interest revenue 2.125 Merchandise inventory 305,500 Notes receivable, due April 10, 2022 42,300 Prepaid insurance 7.520 Question 6 of 8 9.77 / 15 III Cash 37,600 Cost of goods sold 1.645,000 Interest receivable 1.050 Interest revenue 2,125 305,500 42.300 Merchandise inventory Notes receivable, due April 10, 2022 Prepaid insurance Refund liability Short-term investments 7,520 65,000 47,000 Sales 4.403,900 94.000 Sales returns and allowances Unearned revenue 23.500 9.77 / 15 Your answer is correct. Prepare the journal entry to record the bad debt expense on December 31, 2021, assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Dec. 31 Bad Debt Expense 26320 26320 Allowance for Doubtful Accounts To record estimate of uncollectible accounts.) e Textbook and Media d 2 M ENG 2 Question 6 of 8 > 9.77 / 15 E WILDHORSE INDUSTRIES Balance Sheet (Partial) December 31, 2021 Assets Current Cash $ Short Termovements Accounts Receivable $ 458000 LesAllowance for Doubtful Accounts 36:20 Notes Receivable ING US 21 PM 02-04 1 Cash Short-Term Investments Accounts Receivable 658.000 Less : Allowance for Doubtful Accounts -26.320 Notes Receivable Interest Receivable Merchandise Inventory Prepaid Insurance Total Assets X Your answer is incorrect. Calculate the receivables turnover and collection period. (Remember that this is the end of the first year of business.) (Round answers to 1 decimal place, eg. 52.7. Use 365 days for calculation) Receivables turnover 6.6 times Average collection period 55.7 days e Textbook and Media List of Accounts