Bledel Company had accounts receivable of $100,000 on January 1,2010. The only transactions that affected...
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Accounting
Bledel Company had accounts receivable of $100,000 on January 1,2010. The only transactions that affected accounts receivableduring 2010 were net credit sales of $1,000,000; cash collectionsof $900,000 and accounts written off of $30,000.
a. Compute the ending balance of accounts receivable on12/31/10.
b. Compute the accounts receivable turnover ratio for2010.
c. Computer the average collection period in days.
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