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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: Account Avalanche Auto Due Date August 20 October 6 Amount $12,000 2,400 3,900 6,600 1,100 9,750 1,800 4,000 Bales Auto Derby Auto Repair Lucky's Auto Repair September 2 Pit Stop Auto September 21 Reliable Auto Repair July 4 Trident Auto August 22 May 24 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. June 25
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