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The Mighty Power Tool Company has the following accounts on its books: Customer ABC DEF GHI Amount Owed ($) $47,150 37,500 18,900 Age (days)D 32
The Mighty Power Tool Company has the following accounts on its books: Customer ABC DEF GHI Amount Owed ($) $47,150 37,500 18,900 Age (days)D 32 14 KLM NOP QRS TUV WXY 72,000 41,450 16,000 84,300 39,500 28 43 58 75 The firm extends credit on terms of 1/15, net 30. Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days. Fill in the following Mighty Power Tool Company Aging Schedule: (Round dollar amounts to the nearest dollar and percentages to one decimal place.) Days Outstanding Amount Owed Percent of Accounts Receivable 0-15 16-30 31-45 46-60 over 60 Total A total of percentaaes to one decimal olace.) $ 1s outstanding or more than 60 days and represents % of Mighty Power Too Company's accounts rece able Rou dolar amounts to the nearest dolar and The Mighty Power Tool Company has the following accounts on its books: Customer ABC DEF GHI Amount Owed ($) $47,150 37,500 18,900 Age (days)D 32 14 KLM NOP QRS TUV WXY 72,000 41,450 16,000 84,300 39,500 28 43 58 75 The firm extends credit on terms of 1/15, net 30. Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days. Fill in the following Mighty Power Tool Company Aging Schedule: (Round dollar amounts to the nearest dollar and percentages to one decimal place.) Days Outstanding Amount Owed Percent of Accounts Receivable 0-15 16-30 31-45 46-60 over 60 Total A total of percentaaes to one decimal olace.) $ 1s outstanding or more than 60 days and represents % of Mighty Power Too Company's accounts rece able Rou dolar amounts to the nearest dolar and
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