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Wildhorse Company collects 50 percent of its receivables in 10 days or fewer, 31 percent in 11 to 30 days, 7 percent in 31 to
Wildhorse Company collects 50 percent of its receivables in 10 days or fewer, 31 percent in 11 to 30 days, 7 percent in 31 to 45 days, 7 percent in 46 to 60 days, and 5 percent in more than 60 days. The company has $1,400,000 in accounts receivable. Prepare an aging schedule for Wildhorse Company. (Round value of account answers to the nearest whole dollar, e.g. 5,275 and % of total account answers to O decimal places, e.g. 12%.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Age of Accounts (in days) Value of Account % of Total Account 0-10 $ % 11-30 $ % 31-45 $ % 46-60 $ % Over 60 $ % Total $ 100%
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