If the collection period of a company is 90 days, and the average receivables are $81,000 what is the total amount of the credit sales? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar) O A. $328,500 OB. $900 OC. $19,973 OD. $81,000 The historical cost of Jahn Company's ending inventory was less than the net realizable value. The company uses FIFO. Following U.S. GAAP, which journal entry is required? O A debit Cost of Goods Sold and credit Inventory O B. debit Inventory and credit Cost of Goods Sold OC. debit Cost of Goods Sold and credit Sales OD. No journal entry is needed. The most frequently used current liabilities are accounts receivable and notes receivable. O O True False