Question
Kerwick Company had accounts receivable of $153,200 on January 1, 2017. The only transactions that affected accounts receivable during 2017 were net credit sales of
Kerwick Company had accounts receivable of $153,200 on January 1, 2017. The only transactions that affected accounts receivable during 2017 were net credit sales of $1,201,600, cash collections of $1,112,700, and accounts written off of $30,000. Compute the ending balance of accounts receivable. Ending balance of accounts receivable $ LINK TO TEXT Compute the accounts receivable turnover for 2017. (Round answer to 2 decimal places, e.g. 2.50.) Accounts receivable turnover LINK TO TEXT 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 days
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