Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false https://www.jointu... WebWork: Math2... HP 24x 23.8-inch... Dell Dual Monitor... E Muj Notes - Googl... (LL Paragraphing // Pu... MInbox (3) - litman eBook

image text in transcribed
image text in transcribed
image text in transcribed
takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false https://www.jointu... WebWork: Math2... HP 24x 23.8-inch... Dell Dual Monitor... E Muj Notes - Googl... (LL Paragraphing // Pu... MInbox (3) - litman eBook Show Me How Calculator Aging of Receivables Schedule The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on July 31: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Acme Industries Inc. 3,000 3,000 Alliance Company 4,500 4,500 5,000 5,000 Zollinger Company Subtotals 1,050,000 600,000 220,000 115,000 85,000 30,000 The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals: Customer Due Date Boyd Industries April 7 Balance $36,000 11,500 6,600 Hodges Company May 29 Kent Creek Inc. June 8 August 10 Lockwood Company Van Epps Company 7,400 13,000 July 2 a. Determine the number of days past due for each of the preceding accounts as of July 31. If an account is not past due, entero. Check My Work Previous Next a. Determine the number of days past due for each of the preceding accounts as of July 31. If an account is not past due, enter 0. Due Date Number of Days Past Due April 7 days Customer Boyd Industries Hodges Company Kent Creek Inc. May 29 days June 8 days Lockwood Company August 10 days Van Epps Company July 2 days b. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank. Evers Industries Aging of Receivables Schedule July 31 Not Past Customer Days Past Balance Days Past Days Past Days Past Due Due 1-30 Due 31-60 Due 61-90 Due Over 90 Acme Industries Inc. $3,000 $3,000 $ Alliance Company 4,500 4,500 Zollinger Company 5,000 5,000 Subtotals 1,050,000 600,000 220,000 115,000 85,000 30,000 Boyd Industries Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false https://www.jointu... WebWork: Math2... HP 24x 23.8-inch... Dell Dual Monitor... E Muj Notes - Googl... (LL Paragraphing // Pu... MInbox (3) - litman eBook Show Me How Calculator Aging of Receivables Schedule The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on July 31: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Acme Industries Inc. 3,000 3,000 Alliance Company 4,500 4,500 5,000 5,000 Zollinger Company Subtotals 1,050,000 600,000 220,000 115,000 85,000 30,000 The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals: Customer Due Date Boyd Industries April 7 Balance $36,000 11,500 6,600 Hodges Company May 29 Kent Creek Inc. June 8 August 10 Lockwood Company Van Epps Company 7,400 13,000 July 2 a. Determine the number of days past due for each of the preceding accounts as of July 31. If an account is not past due, entero. Check My Work Previous Next a. Determine the number of days past due for each of the preceding accounts as of July 31. If an account is not past due, enter 0. Due Date Number of Days Past Due April 7 days Customer Boyd Industries Hodges Company Kent Creek Inc. May 29 days June 8 days Lockwood Company August 10 days Van Epps Company July 2 days b. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank. Evers Industries Aging of Receivables Schedule July 31 Not Past Customer Days Past Balance Days Past Days Past Days Past Due Due 1-30 Due 31-60 Due 61-90 Due Over 90 Acme Industries Inc. $3,000 $3,000 $ Alliance Company 4,500 4,500 Zollinger Company 5,000 5,000 Subtotals 1,050,000 600,000 220,000 115,000 85,000 30,000 Boyd Industries Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Design a training session to maximize learning. page 296

Answered: 1 week ago

Question

Design a cross-cultural preparation program. page 300

Answered: 1 week ago