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Brief Exercise 8-10 During its first year of operations, Bridgeport Corp. had credit sales of $2,791,300, of which $394,900 remained uncollected at year-end. The credit manager estimates that $18,080 of these receivables will become uncollectible Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit LINK TO TEXT LINK TO TEXT TERACTIVE TUTORIAL INTERACTIVE TUTORIAL Prepare the current assets section of the balance sheet for Bridgeport Corp., assuming that in addition to the receivables it has cash of $84,690, merchandise inventory of $168,600, and supplies of $12,510. (List current assets in order of liquidity) Bridgeport Corp. Balance Sheet (partial) LINK TO TEXT LINK TO TEXT INTERACTIVE TUTORIAL INTERACTIVE TUTORIAL Calculate the accounts receivable turnover. Assume that average net accounts receivable were $308,000. (Roud aswers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover ratio times LINK TO TEXT LINK TO TEXT INTERACTIVE TUTORIAL INTERACTIVE TUTORIAL Calculate the average collection period. (Round answers to 1 decimal place, e.g. 12.5.) Average collection period Click if you would like to Show Work for this question: Open Show Work days LINK TO TEXT LINK TO TEXT INTERACTIVE TUTORIALINTERACTIV E TUTORIAL

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