Question
2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount
2. 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.
Aging of Receivables Schedule |
December 31, 2015 |
1 |
|
|
| Days Past Due | Days Past Due | Days Past Due | Days Past Due | Days Past Due |
2 | Customer | Balance | Not Past Due | 1-30 | 31-60 | 61-90 | 91-120 | Over 120 |
3 | AAA Outfitters | 20,900.00 | 20,900.00 |
|
|
|
|
|
4 | Brown Trout Fly Shop | 7,000.00 |
|
| 7,000.00 |
|
|
|
5 | ~~~~~ | ~~~~~ | ~~~~~ | ~~~~~ | ~~~~~ | ~~~~~ | ~~~~~ | ~~~~~ |
6 | Zigs Fish Adventures | 4,000.00 |
| 4,000.00 |
|
|
|
|
7 | Subtotals | 1,284,400.00 | 752,900.00 | 281,800.00 | 110,100.00 | 41,200.00 | 19,800.00 | 78,600.00 |
8 | Adams Sports & Flies | |||||||
9 | Blue Dun Flies | |||||||
10 | Cicada Fish Co. | |||||||
11 | Deschutes Sports | |||||||
12 | Green River Sports | |||||||
13 | Smith River Co. | |||||||
14 | Western Trout Company | |||||||
15 | Wolfe Sports | |||||||
16 | Totals | |||||||
17 | Percentage uncollectible | |||||||
18 | Estimate of uncollectible accounts |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started