fill the charts ? a, lehttps://eduger. Nileyplus.com ainraun iege ? ? eBay ? Pla

Question

fill the charts

? a, lehttps://eduger. Nileyplus.com ainraun iege ? ? eBay ? Play Free Games Suggested Sites ? Basebal Tuto asMe ? Web Ske Gallery ? Gobet USA v 4. Ca ee sard Career Ir ? USAge ? Cente pont En gy-Cha esshwat?CreitintNation. ?O date umng yPLUS Weygandt, Financial Accounting, s0 PRINCIPLES OF ACCOUNTING I (FIN) (ACCT2 ad, Stady &Practice; t Open Assignnment ULL SCREEN PRINTER VERSION BACK Exercise 8-17 Sunland Company had accounts eceivable o $160 0 la a e A2 ? The only transactions that aneeted eco trece a le du no zuig were not osat r snos aoo on ea ea s at Sedmo o ana set en ten oo oo P-11 A3-14 Compute the ending balance of accounts receivable Ending balance of accounts recaivable eResulta by Compute the accounts receivable turnover for 2019. (Round answer to 0 decimal places, eg 2s Accounts receivable turnover Compute the average collection period in days. (Round anssver to 3 Avsrage collection period days Qeestion Attempts: 0 of 3 usedSA POR IATER Veron 4.247

Explanation / Answer

1.Ending balance of accounts receivable : $210,000.

working:

2nd

accounts receivable turnover :

net credit sales / average accounts receivable

here,

average accounts receivable = (160,000 + 210,000) / 2

=>$185,000.

now.

accounts receivable turnover = $2,405,000 / 185,000

=>13 times.

3rd question:

average collection period in days:

=>365 days / accounts receivable turnover

=>365 / 13

=>28.1...........(rounded to 1decimal).

accounts receivable on january 1 2019 $160,000 add: net credit sales $2,405,000 less:cash collections (2,305,000) less:accounts written off (50,000) ending balance of accounts receivable $210,000

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