Presented below is information for Swifty Company. 1. Beginning-of-the-year Accounts Receivable balance was $18,800. 2. Net sales (all on account) for the year were $107,500. Swifty does not offer cash discounts. 3. Collections on accounts receivable during the year were $83,900. Swifty is planning to factor some accounts receivable at the end of the year. Accounts totaling $13,200 will be transferred to Credit Factors, Inc. with recourse. Credit Factors will retain 6% of the balances for probable adjustments and assesses a finance charge of 5%. The fair value of the recourse obligation is $1,193. Prepare the journal entry to record the sale of the receivables. Compute Swiftys accounts receivable turnover for the year, assuming the receivables are sold. Accounts receivable turnover. Days to collect accounts receivable