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Route Canal Shipping. Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 Month of Sales
Route Canal Shipping.
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 Month of Sales Percent of Amount Due Age of Account Amounts ril March 0-30 $ 195,360 31-60 61-90 97,680 122,100 73,260 $ 488,400 February January 91-120 Total receivables 100% a. Calculate the percentage of amount due for each month. Percent of Month of Sales Amount Due April March February January 0 0 0 Total receivables 100Step by Step Solution
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