Question
Aging of Receivables Schedule The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of
Aging of Receivables Schedule
The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30:
Not | Days Past Due | |||||||||||
Past | Over | |||||||||||
Customer | Balance | Due | 1-30 | 31-60 | 61-90 | 90 | ||||||
Acme Industries Inc. | 3,800 | 3,800 | ||||||||||
Alliance Company | 3,900 | 3,900 | ||||||||||
Zollinger Company | 10,200 | 10,200 | ||||||||||
Subtotals | 907,100 | 547,800 | 199,600 | 87,100 | 45,400 | 27,200 |
The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:
Customer | Balance | Due Date | |
Boyd Industries | $12,700 | July 11 | |
Hodges Company | 9,100 | September 21 | |
Kent Creek Inc. | 18,100 | October 17 | |
Lockwood Company | 10,900 | November 5 | |
Van Epps Company | 24,500 | December 21 |
a. Determine the number of days past due for each of the preceding accounts as of November 30. If an account is not past due, enter 0.
Customer | Due Date | Number of Days Past Due |
Boyd Industries | July 11 | fill in the blank 72bc8106e076074_1 days |
Hodges Company | September 21 | fill in the blank 72bc8106e076074_2 days |
Kent Creek Inc. | October 17 | fill in the blank 72bc8106e076074_3 days |
Lockwood Company | November 5 | fill in the blank 72bc8106e076074_4 days |
Van Epps Company | December 21 | fill in the blank 72bc8106e076074_5 days |
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 | ||||||
November 30 | ||||||
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. | $3,800 | $3,800 | $fill in the blank 16afcc06bfa5f8c_1 | $fill in the blank 16afcc06bfa5f8c_2 | $fill in the blank 16afcc06bfa5f8c_3 | $fill in the blank 16afcc06bfa5f8c_4 |
Alliance Company | 3,900 | fill in the blank 16afcc06bfa5f8c_5 | 3,900 | fill in the blank 16afcc06bfa5f8c_6 | fill in the blank 16afcc06bfa5f8c_7 | fill in the blank 16afcc06bfa5f8c_8 |
Zollinger Company | 10,200 | fill in the blank 16afcc06bfa5f8c_9 | fill in the blank 16afcc06bfa5f8c_10 | 10,200 | fill in the blank 16afcc06bfa5f8c_11 | fill in the blank 16afcc06bfa5f8c_12 |
Subtotals | 907,100 | 547,800 | 199,600 | 87,100 | 45,400 | 27,200 |
Boyd Industries | fill in the blank 16afcc06bfa5f8c_13 | fill in the blank 16afcc06bfa5f8c_14 | fill in the blank 16afcc06bfa5f8c_15 | fill in the blank 16afcc06bfa5f8c_16 | fill in the blank 16afcc06bfa5f8c_17 | fill in the blank 16afcc06bfa5f8c_18 |
Hodges Company | fill in the blank 16afcc06bfa5f8c_19 | fill in the blank 16afcc06bfa5f8c_20 | fill in the blank 16afcc06bfa5f8c_21 | fill in the blank 16afcc06bfa5f8c_22 | fill in the blank 16afcc06bfa5f8c_23 | fill in the blank 16afcc06bfa5f8c_24 |
Kent Creek Inc. | fill in the blank 16afcc06bfa5f8c_25 | fill in the blank 16afcc06bfa5f8c_26 | fill in the blank 16afcc06bfa5f8c_27 | fill in the blank 16afcc06bfa5f8c_28 | fill in the blank 16afcc06bfa5f8c_29 | fill in the blank 16afcc06bfa5f8c_30 |
Lockwood Company | fill in the blank 16afcc06bfa5f8c_31 | fill in the blank 16afcc06bfa5f8c_32 | fill in the blank 16afcc06bfa5f8c_33 | fill in the blank 16afcc06bfa5f8c_34 | fill in the blank 16afcc06bfa5f8c_35 | fill in the blank 16afcc06bfa5f8c_36 |
Van Epps Company | fill in the blank 16afcc06bfa5f8c_37 | fill in the blank 16afcc06bfa5f8c_38 | fill in the blank 16afcc06bfa5f8c_39 | fill in the blank 16afcc06bfa5f8c_40 | fill in the blank 16afcc06bfa5f8c_41 | fill in the blank 16afcc06bfa5f8c_42 |
Totals | $fill in the blank 16afcc06bfa5f8c_43 | $fill in the blank 16afcc06bfa5f8c_44 | $fill in the blank 16afcc06bfa5f8c_45 | $fill in the blank 16afcc06bfa5f8c_46 | $fill in the blank 16afcc06bfa5f8c_47 | $fill in the blank 16afcc06bfa5f8c_48 |
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