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Ginseng Company collects 30.0 percent of its receivables in 10 days or fewer, 31 percent in 11 to 30 days, 7 percent in 31 to

Ginseng Company collects 30.0 percent of its receivables in 10 days or fewer, 31 percent in 11 to 30 days, 7 percent in 31 to 45 days, 7 percent in 46 to 60 days, and 25.0 percent in more than 60 days. The company has $1,230,000 in accounts receivable. Prepare an aging schedule for Ginseng Company. (Round accounts receivable to the nearest whole dollar, e.g. 5,275 and % of total account to 1 decimal place, e.g. 12.2%.)

Age of Accounts (in days) Value of Account % of Total Account
0-10 $

%
11-30 $

%
31-45 $

%
46-60 $

%
Over 60 $

%
Total $

100.0%

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