Question
QS 9-12 Accounts receivable turnover LO A1 The following data are taken from the comparative balance sheets of Ruggers Company. 2017 2016 Accounts receivable, net
QS 9-12 Accounts receivable turnover LO A1
The following data are taken from the comparative balance sheets of Ruggers Company.
| 2017 | 2016 | |||
| Accounts receivable, net | $ | 153,600 | $ | 138,700 |
| Net sales | 871,105 | 920,600 | ||
| | ||||
Complete the below table to calculate the accounts receivable turnover for the year 2017.
Complete the table to calculate the interest amounts at December 31st.
Use the calculated value to prepare your journal entries.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
