wlcourses/28197/asignments/2679234 Presented belowis information for Marigold Company 1 Beginning of -the year Accounts Receivable balance was $19,900. 2 Net sales (allon account) for the year were $104200 Marigold does not offer cah discounts 3 Collections on accounts receivable during the year were $83,500 Prepare (summary) journal entries to record the items noted above. (f no entry s required, select Noe Entry" for the account titles and enter Ofor the amounts Credit acc No. Account Titles and Explanation Credit Debi 1 2. eTextbook and Media List of Accounts Compute Marigold's accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts Round anw Accounts receivable turnover times Days to collect accounts receivable days eTextbook and Media List of Accounts Use the turnover ratio computed in (bi to analyze Marigold's liquidity The turnover ratio last year was 6.2 This is a trend in liguldity bad eTextbook and Media acer