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Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 (1) (2) (3) (4) Month of
Route Canal Shipping Company has the following schedule for aging of accounts receivable:
Age of Receivables April 30, 20X1 | |||||
(1) | (2) | (3) | (4) | ||
Month of Sales | Age of Account | Amounts | Percent of Amount Due | ||
April | 030 | $ | 266,960 | _______ | |
March | 3160 | 100,110 | _______ | ||
February | 6190 | 233,590 | _______ | ||
January | 91120 | 66,740 | _______ | ||
Total receivables | $ | 667,400 | 100% | ||
a. Calculate the percentage of amount due for each month.
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