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E8-3 : The ledger of Elburn Company at the end of the current year shows Accounts Receivable $ 110,000 , Sales Revenue $ 840,000 , and Sales Returns and Allowances $ 28,000 . ............
E8-5 : At December 31 , 2013 , Crawford Company had a balance of $ 15,000 in Allowance for Doubtful Accounts . During 2014 , Crawford wrote off accounts totaling $ 14,100 . One of those accounts ($ 1,800 ) was later collected . At December 31 , 2014 , an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $ 19,000 . ............ 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 . ............
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