8-7

eBook

Question Content Area

Number of days past due

Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toots credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due:

Account	Due Date	Amount
Avalanche Auto	August 20	$12,000
Bales Auto	October 10	2,400
Derby Auto Repair	June 22	3,900
Lucky's Auto Repair	September 20	6,600
Pit Stop Auto	September 22	1,100
Reliable Auto Repair	July 8	9,750
Trident Auto	August 18	1,800
Valley Repair & Tow	May 25	4,000

Determine the number of days each account is past due as of October 31.

Account	Due Date	Number of Days Past Due
Avalanche Auto	August 20	fill in the blank 1
Bales Auto	October 10	fill in the blank 2
Derby Auto Repair	June 22	fill in the blank 3
Lucky's Auto Repair	September 20	fill in the blank 4
Pit Stop Auto	September 22	fill in the blank 5
Reliable Auto Repair	July 8	fill in the blank 6
Trident Auto	August 18	fill in the blank 7
Valley Repair & Tow	May 25	fill in the blank 8