The Mighty Power Tool Company has the following accounts on its books:(Click on the following icon

in

order to copy its contents into a spreadsheet.)

Customer	Amount Owed ($)	Age (days)
ABC	$47,150	32
DEF	37,500	7
GHI	18,900	14
KLM	72,000	28
NOP	41,450	43
QRS	16,000	11
TUV	84,300	58
WXY	39,500	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.

Question content area bottom

Part 1

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
015	$enter your response here	enter your response here%