Tamarisk Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,200 @ $5.60 April 3 1,000 $10.00 4 3,000 @ 5.70 9 2,800 @ 10.00 8 1,600 @ 6.00 11 1,200 @ 11.00 13 2,400 @ 6.10 23 2,400 @ 11.00 29 22 21 1,400 @ 6.20 27 1,800 @ 12.00 1,000 @ 6.40 9,200 10,600

Compute for the Day Sales Outstanding of Company X and Y. Compare each other. Use 360 days.   Company X Company Y Accounts Receivables P452,100 P233,200 Annual Sales P3,205,100 P1,956,200

Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Schultze-Solutions Company follow: 20Y2 20Y1 Sales $1,848,000 $1,881,000 Accounts receivable: Beginning of year 195,300 184,700 End of year 224,700 195,300 a. Determine the accounts receivable turnover for 20Y2 and 2OY1. If required, round the final answers to one decimal place. Accounts Receivable Turnover 20Y2 20Y1 b. Determine the days' sales in receivables for 20Y2 and 20Y1. Use 365 days, if required round the final answers to one decimal place. Days' Sales in Receivables days 20Y2 days 20Y1 Pre roreivable turnover and the davecalos in rereivahles fronm 20Y1 to 20Y2 indicate a favorahle or unfavorahle change?

Selected accounts from the ledgers of Pharoah Company at July 31 showed the following. General Ledger Equipment No. 157 Date Ref. Debit Credit Balance July 1 G1 4,280       4,280 Accounts Payable No. 201 Date Ref. Debit Credit Balance July 1 G1       4,280 4,280 15 G1       385 4,665 18 G1 130       4,535 25 G1 105       4,430 31 P1       9,475 13,905 Inventory No. 120 Date Ref. Debit Credit Balance July 15 G1 385       385 18 G1       130 255 25 G1       105 150 31 P1 9,475       9,625 Accounts Payable Subsidiary Ledger Flaherty Equipment Co. Date Ref. Debit Credit Balance July 1 G1       4,280 4,280 Marsh Co. Date Ref. Debit Credit Balance July 3 P1       2,400 2,400 20 P1       1,760 4,160 Lange Corp. Date Ref. Debit…