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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Part B is “Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount does not require a box, leave it blank.”
 alt="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.
5:48 AM
33%
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12/17/2021
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17
81
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Transcribed Image Text: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.
5:48 AM
33%
D4°F
12/17/2021
%23
4.
17
81
R.
Co
LL

Transcribed Image Text:MSU login
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.
Customer
Due Date
Number of Days Past Due
Conover Industries
July 9
144 V days
71 V days
Keystone Company
September 20
Moxie Creek Inc.
October 17
45 x days
Rainbow Company
November 4
25 x days
V days
Swanson Company
December 21
Feedback
Check My Work
a. Do not include the due date in your count. Remember that not all months have an equal number of days.
b. Complete the aging-of-receivables schedule by ading the omitted accounts to the bottom of the schedule and updating the totals. If
an amount box does not require an entry, leave it blank.
Kirchhoff Industries
Aging of Receivables Schedule
November 30
Not Past
Days Past
Days Past
Days Past
Days Past
Customer
Balance
Due 61-90
Due Over 90
Due
Due 1-30
Due 31-60
Academy Industries Inc.
3,400
3,400
5,000
X
5:48 AM
33%
O -4°F
后
12/17/2021
%23
6.
R.
* CO
8 7
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