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solve fill in the charts ES-17. Compute accounts receivable tumover and average collection period. Kerwick Company had accounts receivable of $100,000 on January 2019. The
solve fill in the charts
ES-17. Compute accounts receivable tumover and average collection period. Kerwick Company had accounts receivable of $100,000 on January 2019. The only transactions that affected accounts receivable during 2019 were net credit sales of Sl 000.000, cash collections of $920,000, and accounts written off of $30,000. Instructions (a) Compute the ending balance of accounts receivable, (b) Compute the accounts receivable turnover for 2019, (c) Compute the average collection period in days.
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