On January $1,2024,$ the general ledger of $3$D Family Fireworks includes the following account balances:

Accounts Debit Credit

Cash $ $26,700$

Accounts Receivable $14,200$

Allowance for Uncollectible Accounts $ $1,900$

Supplies $3,400$

Notes Receivable $(6\%,$ due in $2$ years$)27,200$

Land $51,900$

Accounts Payable $5,200$

Common Stock $69,300$

Retained Earnings $47,000$

Totals $ $123,400$ $ $123,400$

During January $2024,$ the following transactions occur:

$1.$ January $2$ Provide services to customers for cash, $$28,200.$

$2.$ January $6$ Provide services to customers on account, $$68,100.$

$3.$ January $15$ Write off accounts receivable as uncollectible, $$1,000.$

$4.$ January $20$ Pay cash for salaries, $$31,100.$

$5.$ January $22$ Receive cash on accounts receivable, $$69,300.$

$6.$ January $25$ Pay cash on accounts payable, $$3,800.$

$7.$ January $30$ Pay cash for utilities during January, $$9,900.$

The following information is available on January $31,2024.$

At the end of January, $$3,600$ of accounts receivable are past due, and the company estimates that $20\%$ of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that $5\%$ will not be collected. The note receivable of $$27,200$ is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

Supplies at the end of January total $$750.$

Accrued interest revenue on notes receivable for January. Interest is expected to be received each December $31.$

Unpaid salaries at the end of January are $$28,100.$

FIND RECIEVABLES TURNOVER RATIO FOR THE MONTH OF JANUAARY