The accounts receivable clerk for Waddell Industries prepared the following partially completed aging of receivables schedule as of the end of business on August 31:

1	A	B	C	D	E	F	G
2				Days Past Due	Days Past Due	Days Past Due	Days Past Due
3	Customer	Balance	Not Past Due	1-30	31-60	61-90	Over 90
4	Acme Industries Inc.	2,800.00	2,800.00
5	Alliance Company	4,000.00		4,000.00
6	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~
7	Zollinger Company	5,000.00			5,000.00
8	Subtotals	1,050,500.00	604,700.00	220,400.00	110,500.00	84,900.00	30,000.00

The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals:

Customer	Balance	Due Date
Builders Industries	$44,400	May 1
Elkhorn Company	20,900	June 20
Granite Creek Inc.	7,500	July 13
Lockwood Company	14,100	September 9
Teton Company	12,700	August 7

Required:

A.

Determine the number of days past due for each of the preceding accounts as of August 31. If an account is not past due, enter a zero.

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.

A. Determine the number of days past due for each of the preceding accounts as of August 31. If an account is not past due, enter a zero.

Customer	Due Date	Number of Days Past Due
Builders Industries	May 1	days
Elkhorn Company	June 20	days
Granite Creek Inc.	July 13	days
Lockwood Company	September 9	days
Teton Company	August 7	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.

Waddell Industries

Aging of Receivables Schedule

August 31

1				Days Past Due	Days Past Due	Days Past Due	Days Past Due
2	Customer	Balance	Not Past Due	1-30	31-60	61-90	Over 90
3	Acme Industries Inc.	2,800.00	2,800.00
4	Alliance Company	4,000.00		4,000.00
5	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~
6	Zollinger Company	5,000.00			5,000.00
7	Subtotals	1,050,500.00	604,700.00	220,400.00	110,500.00	84,900.00	30,000.00
8	Builders Industries
9	Elkhorn Company
10	Granite Creek Inc.
11	Lockwood Company
12	Teton Company
13	Totals