Presented below is information for Shamrock Company. 1. Beginning-of-the-year Accounts Receivable balance was $20,400. 2. Net sales (all on account) for the year were $103,100. Shamrock does not offer cash discounts. 3. Collections on accounts receivable during the year were $87,500. Prepare (summary) journal entries to record the items noted above. (If no entry is 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.) No. Account Titles and Explanation Debit Credit 1. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 2. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 3. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount eTextbook and Media List of Accounts Compute Shamrocks accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts. (Round answers to 2 decimal places, e.g. 4.57.) Accounts receivable turnover enter Accounts receivable turnover in times rounded to 2 decimal places times Days to collect accounts receivable enter Days to collect accounts receivable rounded to 2 decimal places days Use the results to analyze Shamrock's liquidity. The turnover ratio last year was 6.6. This is a select an option trend in liquidity.