In the table below the information for four companies is provided.

Company	Accounts Receivable turnover	Average collection period
Oriole	14.90	25.35
Lewis	13.90	25.50
Danforth	10.10	32.65
Swifty	13.90	25.20
Industry Average	13.45	29.95

If Swifty's net credit sales are $785350, what are its average net accounts receivable?

$109164

$204146

$38482

$56500

Sunland sells softball equipment. On November 14, they shipped $4200 worth of softball uniforms to Monty Middle School, terms 3/10, n/30. On November 21, they received an order from Douglas High School for $2500 worth of custom printed bats to be produced in December. On November 30, Monty Middle School returned $520 of defective merchandise. Sunland has received no payments from either school as of month end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30?

$3680

$4200

$6720

$6200

Splish is a corporation that sells breakfast cereal. Based on the accounts listed below, what are Splish's total trade receivables?

Income tax refund due	$560
Advance due to the company from
the company president	240
3-month note due from Splish's main customer	1980
Interest due this month on the above note	120
Due and unpaid from this month's sales	9340
Due and unpaid from last month's sales	970

$11280

$13210

$10310

$12290

Net credit sales for the month are $690000. The accounts receivable balance is $150000. The allowance is calculated as 10% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $7600 before adjustment, what is the balance after adjustment?

$15000

$15760

$22600

$7400

An aging of a company's accounts receivable indicates that $10000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $4500 credit balance, the adjustment to record bad debts for the period will require a

debit to Bad Debt Expense for $10000.

credit to Allowance for Doubtful Accounts for $10000.

debit to Bad Debt Expense for $5500.

debit to Allowance for Doubtful Accounts for $5500.