The Mighty Power Tool Company has the following accounts on its books: Customer Amount Owed ($) Age

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The Mighty Power Tool Company has the following accounts on its books:
Customer Amount Owed ($) Age (days)
ABC 49,000 35 DEF 32,000 4 GHI 10,000 10 KLM 78,000 23 NOP 43,000 40 QRS 14,000 14 TUV 80,000 55 WXY 39,000 91 The firm extends credit on terms of 1/15, Net 30. Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days.

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