Problem 25-11

As of January 1, Paul's Car Repair has the following accounts receivable:

Receivable	Amount Due		Days Outstanding
A	$1,250		31
B	2,300		47
C	1,500		57
D	2,350		22
E	1,150		46
F	3,250		52
G	1,800		36

As of March 1, the firm's receivables are

Receivable	Amount Due		Days Outstanding
A	$2,500		27
B	1,500		59
C	1,900		42
D	2,350		66
E	3,500		48
F	1,300		39
G	2,000		59

Paul's offers credit terms of net 30 days. Construct aging schedules that show the total amount and percentage of total accounts receivable that are 0, 10, 20, and 30 days overdue. Do not round intermediate calculations. Round your answers for dollar values to the nearest dollar and for percentage values to two decimal places. If the answer is zero, enter "0".

Aging schedule prior to change:
Days outstanding:	0 - 30		31 - 40		41 - 50		51 - 60		61+
Totals	$		$		$		$		$
Percentage of total	%		%		%		%		%
Aging schedule after change:
Days outstanding:	0 - 30		31 - 40		41 - 50		51 - 60		61+
Totals	$		$		$		$		$
Percentage of total	%		%		%		%		%

After the change % of the accounts are outstanding more than 40 days while prior to the changes % of the accounts were outstanding more than 40 days. Collections have -Select-fastedslowedItem 23 .