Presented below is information for Blue Company 1. Beginning of the year Accounts Receivable balance was $24800 2. Net all on account for the year were $107.700. does not offer cash discounts 1. Collections on accounts receivable during the year were $.700 Prepare summary journal entries to record the items noted for select "No Entry for the account and for the amount odit a ut r e automaticindend when the amount sted Do not inden man No. Account Titles and Explanation Computer's counts receivable turer and to collect receivable for the year. The company does not believe it will be b ound anwesto 2 decimal 457 Accounts receivable turnover Days to collect accounts receivable hadde 45 Acconciaturnover Days to collect counts receivable Texth and Media List of Account Use the turnoverato come to This is a trend in liquidity Textbook and Media