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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: Due Date August 10 October 5 Account Avalanche Auto Bales Auto Derby Auto Repair Lucky's Auto Repair Pit Stop Auto Reliable Auto Repair June 23 September 4 September 20 July 2 Amount $12,000 2,400 3,900 6,600 1,100 9,750 1,800 4,000 Trident Auto August 23 May 25 1 Valley Repair & Tow This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
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