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PROBLEM 5:5 POINTS Rivers Company had accounts receivable of $150,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were not

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PROBLEM 5:5 POINTS Rivers Company had accounts receivable of $150,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were not credit sales of $1.500.000 cash collections of $1,400,000, and accounts written off of $50,000 Instructions (a) Compute the ending balance of accounts receivable, (b) Compute the accounts receivable turnover for 2020 (c) Compute the average collection period in days. ANALO N A CARO

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