Question
Number of Days Past Due Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toots 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. Toots 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 15 | $12,000 |
| Bales Auto | October 4 | 2,400 |
| Derby Auto Repair | June 26 | 3,900 |
| Lucky's Auto Repair | September 10 | 6,600 |
| Pit Stop Auto | September 24 | 1,100 |
| Reliable Auto Repair | July 2 | 9,750 |
| Trident Auto | August 25 | 1,800 |
| Valley Repair & Tow | May 23 | 4,000 |
Determine the number of days each account is past due as of October 31.
| Account | Due Date | Number of Days Past Due |
| Avalanche Auto | August 15 | fill in the blank 1 |
| Bales Auto | October 4 | fill in the blank 2 |
| Derby Auto Repair | June 26 | fill in the blank 3 |
| Lucky's Auto Repair | September 10 | fill in the blank 4 |
| Pit Stop Auto | September 24 | fill in the blank 5 |
| Reliable Auto Repair | July 2 | fill in the blank 6 |
| Trident Auto | August 25 | fill in the blank 7 |
| Valley Repair & Tow | May 23 | fill in the blank 8 |
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
9780073022857
