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Bledel Company had accounts receivable of $104,373 on January 1, 2008. The only transactions that affected accounts receivable during 2008 were net credit sales of
Bledel Company had accounts receivable of $104,373 on January 1, 2008. The only transactions that affected accounts receivable during 2008 were net credit sales of $1,273,377, cash collections of $940,197, and accounts written off of $32,864. Compute the ending balance of accounts receivable. =$404689 Compute the accounts receivable turnover ratio for 2008. ? Compute the average collection period in days. ?
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