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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/30. As of the end of
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's 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 15 $12,000 Bales Auto October 3 2,400 Derby Auto Repair June 26 3,900 Lucky's Auto Repair September 11 6,600 Pit Stop Auto September 24 1,100 9,750 Reliable Auto Repair July 3 Trident Auto August 24 1,800 Valley Repair & Tow May 23 4,000 Determine the number of days each account is past due as of October 31. Number of Days Past Due Account Due Date Avalanche Auto August 15 Bales Auto October 3 Derby Auto Repair June 26 Lucky's Auto Repair September 11 Pit Stop Auto September 24 Reliable Auto Repair July 3 Trident Auto August 24 Valley Repair & Tow May 23
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