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Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot s credit terms are n / 3 0 .

Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toots credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due:
Account Due Date Amount
Avalanche Auto August 16 $12,000
Bales Auto October 32,400
Derby Auto Repair June 273,900
Lucky's Auto Repair September 106,600
Pit Stop Auto September 231,100
Reliable Auto Repair July 29,750
Trident Auto August 251,800
Valley Repair & Tow May 234,000
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