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Auto, days EX 8-7 Number of days past due Obj. 4 Toot Auto Supply distributes new and used automobile parts to local dealers throughout
Auto, days EX 8-7 Number of days past due Obj. 4 Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due: Account Avalanche Auto Bales Auto Derby Auto Repair Due Date Amount August 15 $12,000 October 4 2,400 June 26 3,900 September 10 6,600 September 24 1,100 Reliable Auto Repair July 2 9,750 Trident Auto August 25 1,800 Valley Repair & Tow 4,000 Lucky's Auto Repair Pit Stop Auto May 23 Determine the number of days each account is past due as of October 31.
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