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. 5,100   5,100                   Ascent Company 3,800       3,800                 Zoot Company 7,000           7,000           Subtotals 805,800   486,600   177,300   77,400   40,300   24,200   The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer

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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. 5,100   5,100                  
Ascent Company 3,800       3,800              
 
Zoot Company 7,000           7,000          
Subtotals 805,800   486,600   177,300   77,400   40,300   24,200  

The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:

Customer     Balance Due Date
Conover Industries $11,300   July 11
Keystone Company 8,100   September 19
Moxie Creek Inc. 16,100   October 17
Rainbow Company 9,700   November 4
Swanson Company 21,800   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.


Customer Due Date Number of Days Past Due
Conover Industries July 11 fill in the blank 47e60e075ff0066_1 days
Keystone Company September 19 fill in the blank 47e60e075ff0066_2 days
Moxie Creek Inc. October 17 fill in the blank 47e60e075ff0066_3 days
Rainbow Company November 4 fill in the blank 47e60e075ff0066_4 days
Swanson Company December 21 fill in the blank 47e60e075ff0066_5 days

b.  Complete the aging-of-receivables schedule by adding 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
Customer Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90
Academy Industries Inc. 5,100 5,100 fill in the blank 22ced1fd706e043_1 fill in the blank 22ced1fd706e043_2 fill in the blank 22ced1fd706e043_3 fill in the blank 22ced1fd706e043_4
Ascent Company 3,800 fill in the blank 22ced1fd706e043_5 3,800 fill in the blank 22ced1fd706e043_6 fill in the blank 22ced1fd706e043_7 fill in the blank 22ced1fd706e043_8
Zoot Company 7,000 fill in the blank 22ced1fd706e043_9 fill in the blank 22ced1fd706e043_10 7,000 fill in the blank 22ced1fd706e043_11 fill in the blank 22ced1fd706e043_12
Subtotals 805,800 486,600 177,300 77,400 40,300 24,200
Conover Industries fill in the blank 22ced1fd706e043_13 fill in the blank 22ced1fd706e043_14 fill in the blank 22ced1fd706e043_15 fill in the blank 22ced1fd706e043_16 fill in the blank 22ced1fd706e043_17 fill in the blank 22ced1fd706e043_18
Keystone Company fill in the blank 22ced1fd706e043_19 fill in the blank 22ced1fd706e043_20 fill in the blank 22ced1fd706e043_21 fill in the blank 22ced1fd706e043_22 fill in the blank 22ced1fd706e043_23 fill in the blank 22ced1fd706e043_24
Moxie Creek Inc. fill in the blank 22ced1fd706e043_25 fill in the blank 22ced1fd706e043_26 fill in the blank 22ced1fd706e043_27 fill in the blank 22ced1fd706e043_28 fill in the blank 22ced1fd706e043_29 fill in the blank 22ced1fd706e043_30
Rainbow Company fill in the blank 22ced1fd706e043_31 fill in the blank 22ced1fd706e043_32 fill in the blank 22ced1fd706e043_33 fill in the blank 22ced1fd706e043_34 fill in the blank 22ced1fd706e043_35 fill in the blank 22ced1fd706e043_36
Swanson Company fill in the blank 22ced1fd706e043_37 fill in the blank 22ced1fd706e043_38 fill in the blank 22ced1fd706e043_39 fill in the blank 22ced1fd706e043_40 fill in the blank 22ced1fd706e043_41 fill in the blank 22ced1fd706e043_42
Totals fill in the blank 22ced1fd706e043_43 fill in the blank 22ced1fd706e043_44 fill in the blank 22ced1fd706e043_45 fill in the blank 22ced1fd706e043_46 fill in the blank 22ced1fd706e043_47 fill in the blank 22ced1fd706e043_48
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