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P12 The Super Power Tool Company has the following accounts on its books: Age(days) Amount owed($) Customer 35 50000 ABC 5 35000 DEF 10 15000

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P12 The Super Power Tool Company has the following accounts on its books: Age(days) Amount owed($) Customer 35 50000 ABC 5 35000 DEF 10 15000 GHI 22 75000 KLM 40 42000 NOP 12 18000 QRS 53 82000 TUV 90 36000 WXY The firm extends credit on terms of 1/15, net 30. Develop an ageing schedule using 15-day increments through to 60 days, and then indicate any accounts that have been outstanding for more than 60 days

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