2024 – Exercise 8 14 Part Level Submission Lashkova Company had accounts receivable of 100 000 on January

8-*10 Part B – 2024

Exercise 8-14 (Part Level Submission) Lashkova Company had accounts receivable of $100,000 on January 1, 2014. The only transactions that affected accounts receivable during 2014 were net credit sales of $1,000,000, cash collections of $920,000, and accounts written off of $30,000.

(a) Your answer is correct.     Compute the ending balance of accounts receivable. Ending balance of accounts receivable   $[removed]   SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Attempts: 1 of 3 used

(b) Compute the accounts receivable turnover ratio for 2014. (Round answer to 2 decimal places, e.g. 2.50.) Accounts receivable turnover ratio   [removed]

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