Swenson Electric Company sells on terms of net 30. Given the following information on its receivables, construct
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Swenson Electric Company sells on terms of "net 30." Given the following information on its receivables, construct an aging of accounts schedule as of September 1, showing the percentage of accounts that are current, 1 to 30 days past due, 31 to 60 days past due, 61 to 90 days past due, and over 90 days past due. (Assume 30 days in eachmonth.)
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Days PastDue Accounts Receivable Percent Current 6463 566 1 30 1398 122 31 60 931 82 ...View the full answer
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Related Book For 
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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