Answers options for last picture: 4.48.

2.76.

3.13.

4.30

Guava Company's comparative financial statements for December 31, 20x2 and 20x1 Included the following Information: 20x2 20x1 Accounts receivable $100,000 $ 92,000 Merchandise inventory 78,000 92,000 Net sales 558,000 392,000 Cost of goods sold 260,000 240,000 Calculate Guava's average collection period (rounded) for 20x2 Multiple Choice 105 days. 67 days 110 days 63 days. The following Information relates to changes in Bissell Company's accounts receivable for the year ended December 31, 20x2 Balance in Accounts receivable on 1/1/20x2 Credit sales to customers during 20x2 Accounts receivable written off during 20x2 Collections from customers during 20x2 Balance in allowance for uncollectible accounts on December 31, 20x2 $ 856,000 3,370,000 50,000 2,920,000 211,000 What amount of accounts receivable, before allowances, should Bissell Company report on their balance sheet at December 31, 20x2? Multiple Choice $1,256,000. $1,045,000 $1.306.000. None of these answer choices are correct Havana Corporation sold merchandise to a customer on December 2, 20x2 for $8,000 with credit terms 2/10,n/30. Havana uses the gross method of accounting for sales discounts. Havana received the correct payment from its customer on December 29th. What journal entry should Havana Corporation make on December 29th to record the receipt of this payment? Multiple Choice 8,000 Cash Accounts receivable Sales discounts revenue 7-840 160 O 3,000 Cash Accounts receivable Interest revenue 7,840 B,00 Cash Accounts receivable 8,000 Cash Accounts receivable Sales discounts forfeited 8,160 8,000 166 First Republic Corporation's comparative financial statements for December 31, 20x2 and 20x1 included the following information: 20x1 Accounts receivable Merchandise inventory Net sales Cost of goods sold 20x2 $ 97,000 75,000 417 000 257,000 $ 89,000 89,000 B89,000 2B7000 Calculate First Republic's accounts receivable turnover for 20x2. Round your answer to 2 decimal places. Guava Company's comparative financial statements for December 31, 20x2 and 20x1 Included the following Information: 20x2 20x1 Accounts receivable $100,000 $ 92,000 Merchandise inventory 78,000 92,000 Net sales 558,000 392,000 Cost of goods sold 260,000 240,000 Calculate Guava's average collection period (rounded) for 20x2 Multiple Choice 105 days. 67 days 110 days 63 days. The following Information relates to changes in Bissell Company's accounts receivable for the year ended December 31, 20x2 Balance in Accounts receivable on 1/1/20x2 Credit sales to customers during 20x2 Accounts receivable written off during 20x2 Collections from customers during 20x2 Balance in allowance for uncollectible accounts on December 31, 20x2 $ 856,000 3,370,000 50,000 2,920,000 211,000 What amount of accounts receivable, before allowances, should Bissell Company report on their balance sheet at December 31, 20x2? Multiple Choice $1,256,000. $1,045,000 $1.306.000. None of these answer choices are correct Havana Corporation sold merchandise to a customer on December 2, 20x2 for $8,000 with credit terms 2/10,n/30. Havana uses the gross method of accounting for sales discounts. Havana received the correct payment from its customer on December 29th. What journal entry should Havana Corporation make on December 29th to record the receipt of this payment? Multiple Choice 8,000 Cash Accounts receivable Sales discounts revenue 7-840 160 O 3,000 Cash Accounts receivable Interest revenue 7,840 B,00 Cash Accounts receivable 8,000 Cash Accounts receivable Sales discounts forfeited 8,160 8,000 166 First Republic Corporation's comparative financial statements for December 31, 20x2 and 20x1 included the following information: 20x1 Accounts receivable Merchandise inventory Net sales Cost of goods sold 20x2 $ 97,000 75,000 417 000 257,000 $ 89,000 89,000 B89,000 2B7000 Calculate First Republic's accounts receivable turnover for 20x2. Round your answer to 2 decimal places