Please help solve and explain.

Presented below is information for Novak Company. 1. Beginning-of-the-year Accounts Receivable balance was $24,800. Net sales (all on account) for the year were $107.700. Novak does not offer cash discounts. 2. 3. Collections on accounts receivable during the year were $88,700. (a) 6/18 TUUR SVEFSLUITEEL Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. No Entry 0 No Entry 0 2 Accounts Receivable 107,700 107.700 Sales Revenue 88,700 3. Cash 88.700 Accounts Receivable Your answer is incorrect Compute Novak's accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts. (Round answers to 2 decimal places, eg. 4.57.) Accounts receivable turnover times days Days to collect accounts receivable