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Blossom Company had accounts receivable of $200,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were net credit sales of
Blossom Company had accounts receivable of $200,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were net credit sales of $1.125.000, cash collections of $1,025,000, and accounts written off of $50,000 Compute the ending balance of accounts receivable. Ending balance of accounts receivable $ eTextbook and Media Compute the accounts receivable turnover for 2020. (Round answer to decimal places, e.g. 25.) Accounts receivable turnover Compute the average collection period in days. (Round answer to 1 decimal place, eg. 2.5. Use 365 days for calculations.) Average collection period days eTextbook and Media
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