Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Blossom Company accepted a Visa card in payment of a $ 250 lunch bill. The bank charges a 4% fee. What entry should Blossom make? (b) Kingbird, Inc. sold its accounts receivable of $ 59,200. What entry should Kingbird make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit a (a) ) (b) Current Attempt in Progress Presented here is basic financial information (in millions) from the annual reports of Sandhill and Whispering. Sandhill Whispering $12,900 Sales $22,100 72.0 119 80.0 119 Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 2,500.0 2,100 3,500.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Sandhill Whispering Accounts receivable turnover times times Average collection period days days