Aging of Receivables Schedule The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. 3,400 3,400 Ascent Company 5,900 5,900 Zoot Company 9,400 9,400 Subtotals 685,800 414,200 150,900 65,800 34,300 20,600 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $9,600 July 9 Keystone Company 6,900 September 20 Moxie Creek Inc. 13,700 October 17 Rainbow Company 8,200 November 4 Swanson Company 18,500 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 Schedule The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. 3,400 3,400 Ascent Company 5,900 5,900 Zoot Company 9,400 9,400 Subtotals 685,800 414,200 150,900 65,800 34,300 20,600 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $9,600 July 9 Keystone Company 6,900 September 20 Moxie Creek Inc. 13,700 October 17 Rainbow Company 8,200 November 4 Swanson Company 18,500 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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