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19 - The Mighty Power Tool Company has the following accounts on its books Age (days) Customer ABC DEF GHI KLM NOP QRS TUV WXY
19 - The Mighty Power Tool Company has the following accounts on its books Age (days) Customer ABC DEF GHI KLM NOP QRS TUV WXY Amount Owed ($) 47,000 35,000 11,000 71,000 46,000 13,000 84,000 38,000 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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