alyzing Receivables P8-7A The president of Mossy Enterprises asks if transactions have on the following ratios. you could indicate the impact certain Average Period (36.5 days) Accounts Current Receivable Collection Ratio (2: 1) Turnover (10x) Transaction Received $5,000 on cash sale. The cost of the goods sold was $2,600. Recorded bad debt expense of $500 using allowance method. Wrote off a $100 account receivable as uncollectible (Uses allowance method.) Recorded $2,500 sales on account. The cost of the goods sold was $1,500. 1. 2. 3. 4. Instructions Complete the table, indicating whether each transaction will increase (I), decrease (D), or have no effect (NE) on the specific ratios provided for Mossy Enterprises