1a. Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal):

Alpha Company
December 31
Accounts	2016	2015
Accounts Receivable	$50,000	$45,000
Merchandise Inventory	57,000	50,000
Office Supplies	25,000	20,000
Credit Sales	1,000,000	740,000
Interest Income	25,000	20,000
Cost of Goods Sold	460,000	385,000

a. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times)

b. What is the FY 2016 days outstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)

1b. On April 1, 2016, Alpha Company set up a petty cash fund with a balance of $500. At the end of the month, the petty cash box contained vouchers of $85 for postage, $175 for supplies, $50 for gasoline, and cash on hand of $195. On April 30, 2016, the petty cash fund was replenished. Use this information to prepare the General Journal entries (without explanation) for April 1 and April 30 (compound entry). If no entry is required then write "No Entry Required."