Presented below is information for Tamarisk Company.

1. Beginning-of-the-year Accounts Receivable balance was $17,100.

2. Net sales (all on account) for the year were $102,800. Tamarisk does not offer cash discounts.

3. Collections on accounts receivable during the year were $90,900.

Tamarisk is planning to factor some accounts receivable at the end of the year. Accounts totaling $13,300 will be transferred to Credit Factors, Inc. with recourse. Credit Factors will retain 7% of the balances for probable adjustments and assesses a finance charge of 6%. The fair value of the recourse obligation is $1,052.

#1 Prepare the journal entry to record the sale of the receivables.

#2 Compute Tamarisks accounts receivable turnover for the year, assuming the receivables are sold and days to collect a/r.