Scully Company had accounts receivable of 115,000 on January 1, 2020. The only transactionsthat affected accounts receivable during 2020 were net credit sales of 1,200,000, cashcollections 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 2020.

(c) Compute the average collection period in days.