Aging of Receivables Schedule The accounts receivable clerk for Evers Industries
ID: 2536172 • Letter: A
Question
Aging of Receivables Schedule
The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30:
The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:
a. Determine the number of days past due for each of the preceding accounts as of November 30. If an account is not past due, enter 0.
b. Complete the aging-of-receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank.
Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Acme Industries Inc. 3,600 3,600 Alliance Company 6,000 6,000 Zollinger Company 8,900 8,900 Subtotals 873,000 527,200 192,100 83,800 43,700 26,200Explanation / Answer
ans 1 Customer Due Date To date Calculation Number of Days Past Due Boyd Industries 9-Jul 30-Nov 22+31+30+31+30 144 days Hodges Company 20-Sep 30-Nov 10+31+30 71 days Kent Creek Inc. 16-Oct 30-Nov 15+30 45 days Lockwood Company 4-Nov 30-Nov 26 26 days Van Epps Company 21-Dec 30-Nov 0 0 Days ans 2 Evers Industries Aging of Receivables Schedule 30-Nov Customer Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Acme Industries Inc. $3,600 $3,600 $ $ $ $ Alliance Company 6,000 6,000 Zollinger Company 8,900 8,900 Subtotals 873,000 527,200 192,100 83,800 43,700 26,200 Boyd Industries 12200 Hodges Company 8700 Kent Creek Inc. 17500 Lockwood Company 10500 Van Epps Company 23600 Totals 873,000 550,800 202,600 101,300 52,400 38,400 If any doubt please comment