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Below are amounts (in millions) from three companies' annual reports. WalCo TarMart CostGet Required: Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2,682 6,294
Below are amounts (in millions) from three companies' annual reports. WalCo TarMart CostGet Required: Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2,682 6,294 585 Net Sales $314,427 59,878 60,963 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company appears most efficient in collecting cash from sales? Most efficient in collecting cash from sales Journal entry worksheet 1 Record the write-off of accounts receivable in 2025. Note: Enter debits before credits. Date December 31, 2025 General Journal Debit Credit View general journal Record entry Clear entry Required 1 Required 2a Required 2b Required 3a Required 3b Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). Beginning balance in 2025 Ending balance in 2025 0
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