Lenai Co. has the following account among its trade receivables: Instructions Age the Hopkins Co. account at
Question:
Instructions
Age the Hopkins Co. account at December 31 and specify any items that may need particular attention at year end.
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Hopkins Co Balance forward Invoice # 1 7 10 invoice #2116 invoice #2412 Invoice #3614 Invoice #4912 Invoice #5681 Invoice #6347 $850 1,100 1,350 2,110 490 860 2,000 800 1/28 4/2 4/10 4/30 9/20 10/31 12/1 12/29 Cash (#1710) Cash (#2116) Cash (1/1 Balance) Cash (#2412) Cash (#3614 and part of #2412) Cash (#4912) Cash (#5681) Cash (#6347) 1,100 1,350 155 1,000 790 860 1,250 800 1/20 3/14 4/12 9/5 11/18 12/20
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Balance 11 850 155 695 Over one year 412 2412 2110 1000 300 810 Eight months and ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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