Puckett, AG includes the following account among its trade receivables. Instructions Age the balance and specify any
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Instructions
Age the balance and specify any items that apparently require particular attention at year-end.
Transcribed Image Text:
Alstott Co. 700 1/28 Cash (#1710) 1/1 Balance forward 1,100 Cash (#2116) 1/20 Invoice #1710 1,100 4/2 1,350 1,350 4/10 Cash (1/1 Balance) 3/14 Invoice #2116 255 1,710 4/30 Cash (#2412) 4/12 Invoice #2412 1,000 9/5 Invoice #3614 490 9/20 Cash (#3614 and part of #2412) 890 860 10/17 Invoice #4912 2,000 10/31 Cash (#4912) 11/18 Invoice #5681 860 800 12/1 Cash (#5681) 12/20 Invoice #6347 1,250 12/29 Cash (#6347) 800
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Balance 11 700 255 445 Over one year 412 2412 1710 1000 400 310 Eight months a...View the full answer
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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