Question 2 of 15 -/3 (a) Sandhill Co, accepted a Visa card in payment of a $ 350 lunch bill. The bank charges a 2% fee. What entry should Sandhill make? Teal Mountain Inc. sold its accounts receivable of $ 66,600. What entry should Teal Mountain make, given a service charge of 2% on the amount of receivables sold? (b) No. Account Tities and Explanation Debit Credit (a) cash (b) n O o a 62F Sunny AO Question 13 of 15 Presented here is basic financial information (in millions) from the annual reports of Sheridan and Pina. Sheridan Pina Sales $24.400 $11,500 81.0 110 87.0 114 Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec 31 Accounts receivable balance Igross), Jan. 1 Accounts receivable balance (gross). Dec. 31 2,800.0 1,600 3.500.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decima 15.2. Use 365 days for calculation.) Sheridan Pina Accounts receivable turnover times times Average collection period days days to search o fo