Please solve it using technology.

Question 3 Presented below is information for Culver Company. 1. Beginning-of-the-year Accounts Receivable balance was $24,700 2. Net sales (all on account) for the year were $110,300. Culver does not offer cash discounts. Collections on accounts receivable during the year were $81,200. Culver is planning to factor some accounts receivable at the end of the year. Accounts totaling $13,800 will be transferred to Credit Factors, Inc. with recourse. Credit Factors will retain 7% of the balances for probable adjustments and assesses a finance charge of 6%. The fair value ofthe recourse obligation is $1,064. Prepare the journal entry to record the sale of the receivables. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Compute Culver's accounts receivable turnover for the year, assuming the receivables are sold. (Round answers to 2 decimal places, e.g. 4.57. Accounts receivable turnover Days to collect accounts receivable times diy