Question
Number of Days Past Due Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30.
Number of Days Past Due
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due:
Account Due Date Amount Avalanche Auto August 8 $12,000 Bales Auto October 11 2,400 Derby Auto Repair June 23 3,900 Lucky's Auto Repair September 2 6,600 Pit Stop Auto September 19 1,100 Reliable Auto Repair July 15 9,750 Trident Auto August 24 1,800 Valley Repair & Tow May 17 4,000
Determine the number of days each account is past due as of October 31.
Number of Days Past Due
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due:
| Account | Due Date | Amount |
| Avalanche Auto | August 8 | $12,000 |
| Bales Auto | October 11 | 2,400 |
| Derby Auto Repair | June 23 | 3,900 |
| Lucky's Auto Repair | September 2 | 6,600 |
| Pit Stop Auto | September 19 | 1,100 |
| Reliable Auto Repair | July 15 | 9,750 |
| Trident Auto | August 24 | 1,800 |
| Valley Repair & Tow | May 17 | 4,000 |
Determine the number of days each account is past due as of October 31.
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Auditing Markets Products And Marketing
Authors: David Parmerlee
1st Edition
0658001337, 978-0658001338
