Question
The following accounts were unintentionally omitted from Foo Inc. Accounts Receivable aging schedule and not included in the subtotals (assume today is November 30): Customer
The following accounts were unintentionally omitted from Foo Inc. Accounts Receivable aging schedule and not included in the subtotals (assume today is November 30): Customer Due Date Balance Mendel Company November 3 $6,500 Shiftlett Inc. October 15 $40,000 Grohl & Company September 5 $6,500 Hawkins Company December 3 $20,000 Determine the number of days past due and complete the aging-of-receivables schedule by including the omitted accounts in the chart below, don't forget to sum the total amount due. Estimate Percentage of uncollectible: Not past due: 2%, 1-30: 4%, 31-60: 10%, 61-90: 30%, over 90: 80% A BI B N M v O > 711 # +
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