Brief Exercise 7-14 Recent financial statements of General Mills, the report net sales of $12,698,995,000. Acoounts receivable are $950,696.000 at the beginning of the year and $963,526,000 at the end of the year Compute General Mis accounts receivable turnover (Round answer to deal places... 15 Accounts receivable turnover LINK TO TEXT Compute General Mis average collection period for accounts receivable in dis Average collection prod Click if you would like to show Work for this question how Shamrock Cory factors $420,000 of accounts receivable with bridgeport Finance Corporation on without recourse bas on July 1, 2020. The receivables records are transferred to Bridgeport Finance, which will receive the collections, Bridgeport France assesses a finance charge of 1.70% of the amount of counts receivable and retain amount oual to 5% of accounts receivable to cover sales discounts, returns, and allowances. The transactions to be recorded as sale Prepare the journal entry on July 1, 2020, for Shamrock Corp, to record the receivables without reco n o entry is required, select "No Entry for the account for the amounts Credit account titles are automatically indented when the most sentered. Do not inden manually.) s and entero Date Accountities and Explanation July 1, 2020 Prepare the journal entry on Mly 1, 2020, for Bridgeport Finance Corporation to record the purchase of receivables without recourse. (If no entry is required, select "No Entry for the account tities and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jy 1, 2070