Record the following transactions on the books of Pharoah Co. (Omit cost of goods sold entries.) (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Pharoah Co. sold merchandise on account to Stacey Inc. for $24,930, terms 4/10,n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,230 to Pharoah Co. (c) On July 11, Stacey Inc. paid for the merchandise. Suppose the 2022 financial statements of 3M Company report net sales of $22.8 billion. Accounts receivable (net) are $3.7 billion at the beginning of the year and $3,90 billion at the end of the year. (a1) Compute 3M's accounts receivable turnover. (Round answer to 1 decimal place, eg. 12.5.) Accounts receivable turnover ratio times eTextbook and Media List of Accounts Attempts: 1 of 3 used (a2) Compute 3M's average collection period for accounts receivable in days. (Round answer to 1 decimal place, eg. 12.5. Use 365 doys for calculation) Average collection period days