(CHTHW Question 7 of 11 View Policies Show Attempt History Current Attempt in Progress The following information is for Martinez AG. 1. Beginning-of-the-year Accounts Receivable balance was 18,000. 2. Net sales (all on account) for the year were 101,600. Martinez does not offer cash discounts. 3. Collections on accounts receivable during the year were 81.100. Your answer is partially correct. 0.63/1: Credit Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. No Entry 85F No Entry O Debit e x Your answer is incorrect. Compute Martinez's accounts receivable turnover for the year. The company does not believe it will have any bad debts. (Round answer to 2 decimal places, e.g. 4.57.) Accounts receivable turnover eTextbook and Media List of Accounts 3.5- times