Customer Conover Industries Keystone Company Due Date Number of Days Past Due July 10 days September 21 days Moxie Creek Inc. Rainbow Company Swanson Company October 16 days November 5 days December 21 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 November 30 Not Past Days Past Days Past Days Past Customer Balance Due Due 1-30 Due 31-60 Due 61-90 Days Past Due Over 90 Academy Industries Inc 4,500 4,500 Ascent Company 4,200 4,200 Zoot Company 11,100 11,100 Subtotals 864,100 521,900 190,100 83,000 43,200 25,900 Conover Industries Keystone Company Movie Creek Inc Rainbow Company Swanson Company Timals Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables May 1. Sold merchandise on account to Taiwan Palace Co., $14,800. The cost of the merchandise sold was $10,700. Aug. 30. Received $4,300 from Taiwan Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Dec. 8. Reinstated the account of Taiwan Palace Co. that had been written off on August 30 and received $10,500 cash in full payment. If an amount box does not require an entry, leave it blank May 1-sale May 1-cost Aug. 30 Dec. instated Dec-collection