Question
i cant remember how to do the math can someone help? Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age
i cant remember how to do the math can someone help?
Route Canal Shipping Company has the following schedule for aging of accounts receivable:
Age of Receivables
April 30, 20X1
(1)(2)(3)(4)Month of
SalesAge of
AccountAmountsPercent of
Amount Due
April 030 $267,030_______
March 3160 59,340_______
February 6190 237,360_______
January 91120 29,670_______
Total receivables$593,400100%
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
