Hermans Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Hermans credit

Question:

Herman€™s Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Herman€™s credit terms are n/30. As of the end of business on July 31, the following were past due.

Determine the number of days each account is pastdue.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...