Presented below is information for Bramble Company. 1. Beginning-of-the-year Accounts Recelvable balance was $16,500. 2....
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Accounting
Presented below is information for Bramble Company. 1. Beginning-of-the-year Accounts Recelvable balance was $16,500. 2. Net sales (all on account) for the year were $103.300. Bramble does not offer cash discounts. 3. Collections on accounts recelvable during the year were $87,200. (a) Your answer is correct. Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually) Compute Bramble's accounts receivable turnover and days to collect recelvables for the vear. The company does not believe it will have any bad debts. (Round onswers to 2 decimal places, es. 4.57.) Accounts receivable turnover times Days to collect accounts receivable dirys eTextbook and Media List of Accounts Attempts: 2 of 3 used (c) The parts of this question must be completed in order. This part will be available when you complete the partabove


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