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Route Canal Shipping Company has the following schedule for aging of accounts receivable: a. Calculate the percentage of amount due for each month Age of
Route Canal Shipping Company has the following schedule for aging of accounts receivable:
a. Calculate the percentage of amount due for each month
Age of Receivables April 30, 20X1
(1) (2) (3) (4)
Month, Age of Account, Amount, % of amount due
April , 030, $ 156,240, _______
March, 3160, $ 78,120, _______
February, 6190, $117,180, _______
January, 91120, $39,060, _______
Total receivables $ 390,600 100%
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