Presented below is information for Carla Company. Beginning-of-the-year Accounts Receivable balance was $22,100. 1. Net sales (all on account) for the year were $101,300. Carla does not offer cash discounts 2 Collections on accounts receivable during the year were $86,000 3. Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and ent amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit 1. 2. 3. eTextbook and Media Compute Carla's accounts receivable turnover and days to collect receivables for the yea debts. (Round answers to 2 decimal places, es. 4.57) The company does not believe it will have any bad Accounts receilvable turnover times Days to collect accounts receivable days Use the results to analyze Carla's liquidity. The turnover ratio last year was 6.1. trend in liquidity This is a eTextbook and Media List of Accounts