1-) At December 31, 2016, Blossom Company Imports reported this information on its balance sheet.

Accounts receivable		$581,200
Less: Allowance for doubtful accounts		38,440

During 2017, the company had the following transactions related to receivables.

1.		Sales on account		$2,863,600
2.		Sales returns and allowances		72,240
3.		Collections of accounts receivable		2,512,000
4.		Write-offs of accounts receivable deemed uncollectible		42,630
5.		Recovery of bad debts previously written off as uncollectible		14,180

Compute the accounts receivable turnover=???. (Round answer to 1 decimal place, e.g. 12.5.)

Compute the average collection period= ??? (Round answer to 1 decimal place, e.g. 12.5.)

2-)

June 1		Purchased books on account for $1,065 (including freight) from Catlin Publishers, terms 2/10, n/30.
3		Sold books on account to Garfunkel Bookstore for $1,900. The cost of the merchandise sold was $700.
6		Received $65 credit for books returned to Catlin Publishers.
9		Paid Catlin Publishers in full.
15		Received payment in full from Garfunkel Bookstore.
17		Sold books on account to Bell Tower for $1,900. The cost of the merchandise sold was $750.
20		Purchased books on account for $700 from Priceless Book Publishers, terms 1/15, n/30.
24		Received payment in full from Bell Tower.
26		Paid Priceless Book Publishers in full.
28		Sold books on account to General Bookstore for $1,250. The cost of the merchandise sold was $810.
30		Granted General Bookstore $270 credit for books returned costing $65.

June -9

Account payable	1000
inventory		?
cash		?

june - 24

cash	?
sales discounts	?
acct receivable		1900

June -26

account payable	700
inventory		?
cash		?