1. Aging of Receivables Schedule

   The A claim against the customer created by selling merchandise or services on credit.accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on July 31:

   			Not		Days Past Due
   			Past								Over
   Customer	Balance		Due		1-30		31-60		61-90		90
   Acme Industries Inc.	3,000		3,000
   Alliance Company	4,500				4,500
   Zollinger Company	5,000						5,000
   Subtotals	1,050,000		600,000		220,000		115,000		85,000		30,000

   The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals:

   Customer	Balance		Due Date
   Boyd Industries	$36,000		April 7
   Hodges Company	11,500		May 29
   Kent Creek Inc.	6,600		June 8
   Lockwood Company	7,400		August 10
   Van Epps Company	13,000		July 2

   a. Determine the number of days past due for each of the preceding accounts as of July 31. If an account is not past due, enter 0.

   Customer	Due Date	Number of Days Past Due
   Boyd Industries	April 7	days
   Hodges Company	May 29	days
   Kent Creek Inc.	June 8	days
   Lockwood Company	August 10	days
   Van Epps Company	July 2	days

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   b. 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.

   Evers Industries
   Aging of Receivables Schedule
   July 31
   Customer	Balance	Not Past Due	Days Past Due 1-30	Days Past Due 31-60	Days Past Due 61-90	Days Past Due Over 90
   Acme Industries Inc.	$3,000	$3,000	$	$	$	$
   Alliance Company	4,500		4,500
   Zollinger Company	5,000			5,000
   Subtotals	1,050,000	600,000	220,000	115,000	85,000	30,000
   Boyd Industries
   Hodges Company
   Kent Creek Inc.
   Lockwood Company
   Van Epps Company
   Totals	$	$	$	$	$	$

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