Parrish 2-8 Pg. 38 #4Please put the following transactions in a T-Account formatand find the missing amount and explain how you arrived at that amount. Sales Left side of T-Account 1) 7/9 Transaction B $1500 2) 7/18 Transaction C $2000 Right side of T-Account 1) 7/1 Beginning balance $2000 2) 7/6 Transaction A $ UNKNOWN 3) 7/28 Transaction D $3400 Ending balance $28200

Accounting Q

eNOWv2 | Online teachin X + Wilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as f (in millions): Xavier Lestrade Sales $255,500 $357,700 Credit card receivables-beginning 24,416 47,840 Credit card receivables-ending 20,384 36,832 a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round answers to one decimal place. Assume 365 days a year. Xavier Lestrade 1. Accounts receivable turnover days days 2. Number of days' sales in receivables than Lestrade's. The number of days' sales in receivables is b. Xavier's accounts receivable turnover is for Xavier than for Lestrade. These differences…

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