Aging of Receivables Schedule The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end of business on August 31: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. 3,000 3,000 Ascent Company 4,500 4,500 ---- - - - - - Zoot Company Zoot Company --------------------------- 5,000 5,000 1,050,000 600,000 220,000 115,000 Subtotals 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 Conover Industries $30,000 March 22 Keystone Company Moxie Creek Inc. 18,000 9,000 26,400 46,600 July 1 July 25 September 10 August 3 Rainbow Company Swanson Company a. Determine the number of days past due for each of the preceding accounts as of August 31. If an account is not past due, enter 0. Customer Due Date Number of Days Past Due Conover Industries March 22 days Keystone Company July 1 days Moxie Creek Inc. July 25 days days Rainbow Company September 10 Swanson Company August 3 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. Kirchhoff Industries Aging of Receivables Schedule August 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 Academy Industries Inc. 3,000 3,000 Ascent Company 4,500 4,500 5,000 5,000 Zoot Company Subtotals Conover Industries 1,050,000 600,000 220,000 115,000 85,000 30,000 Keystone Company Moxie Creek Inc. Rainbow Company Swanson Company Totals