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On JAN 0 1 2 0 1 7 KCo had accounts receivable of $ 1 0 0 , 0 0 0 . During 2 0

On JAN012017 KCo had accounts receivable of $100,000. During 2017, these transactions affected accounts receivable: additional net credit sales of $1,000,000, cash collections of $920,000 and accounts written off equalled $30,000.
(a) Compute the ending balance of accounts receivable,
(b) Compute the accounts receivable turnover for 2017.
(c) Compute the average collection period in days.
(a)
2017 Beginning A/R
Net credit sales
Cash collections
Accounts written off
2017 Ending A/R
(b) show your calculation and answer below
(c) show your calculation and answer below

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