Question A1 View Policies Current Attempt in Progress Record the following transactions on the books of Splish Brothers Inc. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount (a) On July 1, Splish Brothers Inc. sold merchandise on account to Stacey Inc. for $21.900, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,300 to Splish Brothers Inc.. (c) On July 11, Stacey Inc. paid for the merchandise. No. Date Account Titles and Explanation Debit Credit (c) July 11 Question 9 View Policies Current Attempt in Progress Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2017 2016 Accounts receivable (gross) $3,704 $4,562 3.263 4.069 Accounts receivable (net) Allowance for doubtful accounts 441 493 Sales revenue 37,499 35,432 Total current assets 7.754 7,016 Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2017 days