Chapter 8, Problem 8.8EX

Aging of receivables schedule

The accounts receivable clerk for Waddell industries prepared the following partially completed aging of receivables schedule as of the end of business on August 31:

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

Customer	Balance	Due Date
Builders Industries	544,500	May 1
Eikhorn Company	21,000	June 20
Granite Creek Inc.	7,500	July 13
Lockwood Company	14,000	September 0
Teton Company	13.000	August 7

1. a. Determine the number of days past due for each of the preceding accounts as of August 31.
2. b. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals.