Presented below is information for Jones Company. 1. Beginning-of-the-year Accounts Receivable balance was $18,300. 2. Net sales (all on account) for the year were $103,000. Jones does not offer cash discounts. 3. Collections on accounts receivable during the year were $84,100. Prepare (summary) journal entries to record the items noted above. (If no entry s required, select No Entry for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) SHOW LIST OF ACCOUNTS Compute Jones?s accounts receivable turnover ratio for the year. The company does not believe it will have any bad debts. (Round ratios to 1 decimal place, e.g. 4.5.) Jones?s accounts receivable turnover ratio times