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Route Canal Shipping Company has the following schedule for aging of accounts receivable: (1) (4) Percent of Amount Due Age of Receivables April 30, 20x1
Route Canal Shipping Company has the following schedule for aging of accounts receivable: (1) (4) Percent of Amount Due Age of Receivables April 30, 20x1 (2) (3) Month of Age of Sales Account Amounts April 030 $ 240,240 March 31-60 137,280 February 6190 205,920 January 91120 102,960 Total receivables $ 686,400 100% a. Calculate the percentage of amount due for each month. Answer is complete but not entirely correct. Month of Sales April March Percent of Amount Due 40 % 15 % 35 % February January Total receivables 10 X 100
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