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helllpppp please how do i calculate the account receivable turnover ratio? ( round answer to 2 decimal place) ?? Problem 9-01A a-d (Video) At December
helllpppp please
Problem 9-01A a-d (Video) At December 31, 2019, Splish Co. reported the following information on its balance sheet. Accounts receivable $953,700 Less: Allowance for doubtful accounts 80,900 During 2020, the company had the following transactions related to receivables, 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $3,663,400 48,300 2,800,700 88,200 27,750 Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts wer when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 1. Accounts Receivable 663 Sales Revenue 3,663,400 2. Sales Returns and Allowances 48,300 48,300 | Accounts Receivable Tash Accounts Receivable 2.900 2,800,700 2,800,700 for Doubtful Argo 4. IN ere to search LINK TO TEXT LINK TO TEXT Your answer is correct. Prepare the journal entry to record bad debt expense for 2020, indented when amount is entered. Do not indent manually.) that of accounts receivindicates that expected bas 115.000. ( C e sar Account Titles and Explanation Debit Bad Dete Expense Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO THINK TO TYLKO TEXT [your answer is incorrect Try again formation provided into Compute the accounts receivable turnover for 2020 assuming the expected bad det Accounts receivable turnover ratio Click if you would like to show Work for this questions Open how do i calculate the account receivable turnover ratio? ( round answer to 2 decimal place) ??
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