These all are parts of the same question.

- / 10 E View Policies Current Attempt in Progress The Riverbed Corp. manufactures sweaters for sale to athletic-wear retailers. The following information was available on Riverbed for the years ended December 31, 2019 and 2020: 12/31/19 12/31/20 Cash $ 18,500 $15.900 Accounts receivable 99,000 ? Allowance for doubtful accounts 8,200 ? Inventory 94,500 90,800 Current liabilities 82,500 88,500 Total credit sales 630,000 580,000 Collections on accounts receivable 424,000 484,000 During 2020, Riverbed had the following transactions: 1. On June 1, 2020, sales of $90,000 to a major customer were settled with Riverbed accepting an $90,000, one-year note bearing 6% interest that is payable at maturity. The $90,000 is not included in the total credit sales amount above. Riverbed factors some accounts receivable at the end of the vear Account totalina.com 2. During 2020, Riverbed had the following transactions: 1. 2. On June 1.2020, sales of $90,000 to a major customer were settled with Riverbed accepting an $90,000, one-year note bearing 6% interest that is payable at maturity. The $90,000 is not included in the total credit sales amount above. Riverbed factors some accounts receivable at the end of the year. Accounts totalling $70,000 are transferred to Marin Inc, with recourse. Marin retains 5% of the balances, and will receive the collections directly from Riverbed's customers. Riverbed is assessed a finance charge of 6% on this transfer. The fair value of the recourse obligation is $6.100. Riverbed wrote off $3,500 of accounts receivable during 2020. Based on the latest available information, the 2020 allowance for doubtful accounts should have a balance of $11.100 at December 31, 2020 3. 4 Additional information: Included in the cash balance at December 31, 2020, are the following: a chequing account with a balance of $9,300, postage stamps of $100, petty cash of $500.coins and currency on hand of $4,000, and postdated cheques from customers of $2,000. Riverbed is a private company that follows ASPE Prepare the inurnal entre forth Prepare the journal entry for the sale to the customer from June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 1 Notes Receivable Sales Revenue e Textbook and Media List of Accounts Prepare the journal entry for the factoring of the accounts receivable to Marin Inc. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Based on the above transactions and additional information, determine the balances of Accounts Receivable and Bad Debt Expense at December 31, 2020. Accounts Receivable $ Bad Debt Expense $ e Textbook and Media List of Accounts Prepare the current assets section of Riverbed's statement of financial position at December 31, 2020. (List Current Assets in order of liquidity.) THE Riverbed Corp. Statement of financial position (Partial) Current Assets Cash $ Accounts Receivable $ Less : Allowance for Doubtful Accounts Due from Factor Notes Receivable Interest Income Current ratio 2019 2020 :1 e Textbook and Media List of Accounts Calculate the receivables turnover ratio for Riverbed for 2020. Riverbed's receivables turnover ratio for 2019 was 3.90 times (Round answers to 2 decimal places, eg: 52.75.) Accounts Receivable Turnover times Touth Does Riverbed's current and accounts receivable turnover ratios show improvement or deterioration? Riverbed's current and accounts receivable turnover ratios shows e Textbook and Media List of Accounts Calculate the current and accounts receivable turnover ratios if Riverbed had decided to assign $45,000 of accounts receivable instead of factoring any accounts receivable to Marin Inc. (Round answers to 2 decimal places, eg. 52.75.) Current ratio :1 Accounts receivable turnover ratio times