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Prepare journal entries to record the 2014 transactions of Crawford Company. E8-14: 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) Compute the ending balance of accounts receivable. b) Compute the accounts receivable turnover ratio for 2014. c) Compute the average collection period in days. P8-7A: On January 1, 2014, Derek Company had Accounts Receivable $139,000, Notes Receivable $30,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Kaye Noonan Company. It is a 4-month, 12% note dated December 31, 2013. Derek Company prepares financial statements annually. During the year, the following selected transactions occurred. ............ =================================================== ACC 557 Week 6 Assignment 2 You Are an Entrepreneur! (2 Paper) FOR MORE CLASSES VISIT www.acc557tutor.com This Tutorial contains 2 Different Papers ACC 557 WK 6 Assignment 2 - You Are an Entrepreneur!