A Company sold $26,000 of its accounts receivable and was charged a 2.0% factoring fee. How should the company record this transaction in the journal? Multiple Choice Account Receivable Factoring Fee Expense Cash 25,480 520 26,000 26,000 Account Receivable Factoring Fee Expense Cash 5201 25,480 26,000 Cash Factoring Fee Expense Account Receivable 520 25,480 Cash Factoring Fee Expense Account Receivable 25,480 520 26,000 26,000 Cash Account Receivable 26,000 A company has net sales of $565,200 and average accounts receivable of $157,000. What is its accounts receivable turnover for the period? Multiple Choice O 3.60 72.22 O 1,090.28 O 27.78 O O .278 On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $118,645; Allowance for Doubtful Accounts, credit balance of $1,160. What amount should be debited to Bad Debts Expense, assuming 7% of outstanding accounts receivable at the end of the current year will be uncollectible? O $8,305 $9,465 O $5,985 O $7,145 O $1,160