accounting please help!?

Question

Transaction Current Ratio (2:1)Receivables Turnover (10X) Average Collection Period (36.5 days)

1. Recorded $2,500 sales on account.
The cost of the goods sold was
$1,500.00

2. Recorded bad debts expense of $500
using allowance method.

3. Wrote off a $100 account receivable
as uncollectible.

4. Received $3,000 on cash sale. The
cost of the goods sold was $1,800.

Instructions:
Complete the table, indicating whether each transaction will increase (I), decrease (D), or have no effect (NE) on the specific ratios provided for Starz Enterprises.

Answer 1

1.Recorded $2,500 sales on account.
The cost of the goods sold was $1,500.00
Current Ratio (I)
Receivables Turnover (D)
Average Collection Period (I)

2.Recorded bad debts expense of $500 using allowance method.
Current Ratio (D)
Receivables Turnover (I)
Average Collection Period (D)

3.Wrote off a $100 account receivable as uncollectible.
Current Ratio (D)
Receivables Turnover (I)
Average Collection Period (D)

4.Received $3,000 on cash sale. The cost of the goods sold was $1,800.
Current Ratio (I)
Receivables Turnover (NE)
Average Collection Period (NE)

Answer 2

Sandy's #3 is incorrect and does not make any sense.

3) 3.Wrote off a $100 account receivable as uncollectible.
Current Ratio (NE)
Receivables Turnover (NE)
Average Collection Period (NE)