Aging of Receivables; Estimating Allowance for Doubtful Accounts Angler\'s Dream

ID: 2352210 • Letter: A

Question

Aging of Receivables; Estimating Allowance for Doubtful Accounts

Angler's Dream Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Angler's Dream prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2011:

The following accounts were unintentionally omitted from the aging schedule:

Angler's Dream has a past history of uncollectible accounts by age category, as follows:

1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero.

Instructions:
Hint(s)
Customer Due Date Number of Days Past Due
Antelope Sports & Flies June 21, 2011 ? days
Big Hole Flies Aug. 30, 2011 ? days
Charlie's Fish Co. Sept. 8, 2011 ? days
Deschutes Sports Oct. 20, 2011 ? days
Green River Sports Nov. 7, 2011 ? days
Smith River Co. Nov. 28, 2011 ? days
Wild Trout Company Dec. 5, 2011 ? days
Wolfe Sports Jan. 7, 2012 ? days

Explanation / Answer

antelope

193 days

big hole

123 days

charlie's

144 days

deschutes

72 days

green river

54 days

smith river

33 days

wild trout

26 days

wolfe sports

0 days