Scully Company had accounts receivable of $115,000$ on January $1,2024.$ The only transactions that

affected accounts receivable during $2024$ were net credit sales of $1,200,000,$ cash collections of

$1,000,000,$ and accounts written off of $30,000.$

Instructions

$($a$)$ Compute the ending balance of accounts receivable.

$($b$)$ Compute the accounts receivable turnover for $2024.$

$($c$)$ Compute the average collection period in days.