Aging of Receivables Schēdule The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end c business on November 30: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. 5,100 5,100 Ascent Company 3,400 3,400 Zoot Company 7,000 7,000 Subtotals 694,700 419,700 152,800 66,700 34,700 20,800 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $9,700 July 11 Keystone Company 6,900 September 20 Moxie Creek Inc. 13,900 October 16 Rainbow Company 8,300 November 4 Swanson Company 18,800 December 21 a. Determine the number of days past due for each of the preceding accounts as of November 30. If an account is not past due, enter 0.

Aging of Receivables Schēdule The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end c business on November 30: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. 5,100 5,100 Ascent Company 3,400 3,400 Zoot Company 7,000 7,000 Subtotals 694,700 419,700 152,800 66,700 34,700 20,800 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $9,700 July 11 Keystone Company 6,900 September 20 Moxie Creek Inc. 13,900 October 16 Rainbow Company 8,300 November 4 Swanson Company 18,800 December 21 a. Determine the number of days past due for each of the preceding accounts as of November 30. If an account is not past due, enter 0.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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