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Kerwick Company had accounts receivable of $123,200 on January 1, 2017. The only transactions that affected accounts receivable during 2017 were net credit sales of
Kerwick Company had accounts receivable of $123,200 on January 1, 2017. The only transactions that affected accounts receivable during 2017 were net credit sales of $1,282,600, cash collections of $1,201,700, and accounts written off of $30,000 Your answer is incorrect. Try again. Compute the ending balance of accounts receivable. Ending balance of accounts receivable Your answer Your answer is incorrect. Try again. Compute the accounts receivable turnover for 2017. (Round answer to 2 decimal places, e.g. 2.50.) Accounts receivable turnover Your answer is incorrect. Try again. Compute the average collection period in days. (Round answer to 1 decimal place, e.g. 2.5. Use 365 days for calculations. Average collection period 65 days for calculations)
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