Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CengageNUWV2 U BLITT ant Dashboard Calculator Book Show Me How Aging of receivables schedule Instructions First Question Aging of Receivables Schedule Instructions The accounts receivable

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
CengageNUWV2 U BLITT ant Dashboard Calculator Book Show Me How Aging of receivables schedule Instructions First Question Aging of Receivables Schedule Instructions The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on July 31: E G F D B C 1 Days Past Due Days Past Due Days Past Due Days Past Due 7 Over 90 61-90 1-30 Balance Not Past Due 31-60 Customer 3 4 Acme Industries Inc. 2,700.00 2,700.00 5 Alliance Company 4,100.00 4,100.00 5 4,900.00 7 Zollinger Company 4,900.00 Previous Next eBook Show Me How Calculator Instructions The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals: Customer Balance Due Date $44,300 April 7 Boyd Industries Hodges Company Kent Creek Inc. 21,600 May 29 8,000 June 8 13,800 Lockwood Company Van Epps Company August 10 July 2 13,200 Required: 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 a zero. B. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. an amount box does not require an entry, leave it blank. Previous Next Check My Work SUUK Show Wow GROUND Aging of receivables schedule Instruction First Qugation Aging of Receivables Schedule Instructions First Question A. Determine the number of days past due for each of the accounts below as of July 31. an account is not past due, enter a zero 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 Instructions First Question Aging of Receivables Schedule Acine industries in 2000 10000 Alliance Company 4,100.00 4,100.00 490000 4.900.00 1,046,400.00 595,700.00 219,500.00 115.000.00 86,000.00 50,400.00 1 6 Zollinger Company Subtotals Boyd Industries Hodges Company 10 Kent Creek in 11 Lockwood Company Van Epps Company 9 12 Totals Previous Next > Check My Work Email Instructor Save and Exh Submit Assignment for Grading

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sustainability Accounting And Accountability

Authors: Matias Laine, Helen Tregidga, Jeffrey Unerman

3rd Edition

1032023104, 9781032023106

More Books

Students also viewed these Accounting questions

Question

What is the competition?

Answered: 1 week ago

Question

What is the relative priority among the viable goals?

Answered: 1 week ago