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The Mighty Power Tool Company has the following accounts on its books Customer Amount Owed (5) $47,150 37.500 18.900 Age (days) 32 7 14 ABC

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The Mighty Power Tool Company has the following accounts on its books Customer Amount Owed (5) $47,150 37.500 18.900 Age (days) 32 7 14 ABC DEF GHI KLM 72.000 28 NOP 41.450 43 ORS TUN 16.000 84 300 11 58 75 WXY 39.500 The fem extends aredit on terms of 1/15, net 30. Develop an aging schedule using 15-day increments theough 60 days, and then indicate any accounts that have been outstanding for more than 60 days Flin the following Mighty Power Tool Company Aging Schedule: (Round dollar amounts to the nearest dolar and percentages to one decimal place) Percent of Accounts Receivable Days Outstanding 0-15 Amount Owed 16-30 31-45 46-60 over 60 Total Atotal of s outstanding for more than 60 dys and represents of Mighty Power Tool Company's accounts recevable Round dollar amounts to the nearest dollar and percentages to one decimal place)

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