Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Show Me How Calculator Aging of Receivables Schedule The accounts receivable derk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule

image text in transcribed
image text in transcribed
eBook Show Me How Calculator Aging of Receivables Schedule The accounts receivable derk for Kirchhoff 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 5,500 5,500 Academy Industries Inc. Ascent Company 6,000 6,000 23,900 Zoot Company 12,000 12,000 Subtotals 796,400 481,000 175,200 76,500 39,800 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $11,100 July 11 Keystone Company 8,000 September 20 Moxie Creek Inc. 15,900 October 17 Rainbow Company November 3 Swanson Company 21,500 December 21 9,600 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, entero Block Show Me How Calculator a. Venimos y te presso Novemser Customer Due Date Number of Days Past Due Conover Industries July 11 days days Keystone Company September 20 Mode Creek Inc. October 17 days November 3 days Rainbow Company Swanson Company 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 Customer Balance Days Past De Days Past Due Days Past Du Days Past Due Du 1-30 31-60 61-90 Over Academy Industries $5,500 $5,500 Inc Ascent Company 6,000 6.000 Zoot Company 12.000 12.000 Subtotals 796,400 481.000 175.200 76.500 Cenover Industries Keystone Company Movie Creek inc. Rainbow Company Season Company 2 Totals Subs Worked 2 DOLL

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

Students also viewed these Accounting questions

Question

4. How is culture a contested site?

Answered: 1 week ago