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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: 3,900 Account Due Date Amount Avalanche Auto August 15 $12,000 Bales Auto October 4 2,400 Derby Auto Repair June 27 Lucky's Auto Repair September 10 6,600 Pit Stop Auto September 25 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 x Avalanche Auto August 15 Bales Auto October 4 x Derby Auto Repair June 27 x Lucky's Auto Repair September 10 x Pit Stop Auto September 25 x Reliable Auto Repair July 2 x x Trident Auto August 25 Valley Repair & Tow May 23 x
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