Singh Co. includes the following account among its trade receivables. Instructions Age the balance and specify any
Question:
Instructions
Age the balance and specify any items that apparently require particular attention atyear-end.
Transcribed Image Text:
Balance forward Invoice #1710 Invoice #2116 Invoice #2412 Invoice #3614 Invoice #4912 Invoice #5681 Invoice #6347 Singh Co 1,400 1/28 2,200 4/2 2,750 4/10 3,420 4/30 Cash (#1710) Cash (#2116) Cash (1/1 Balance) Cash (#2412) Cash (#3614 and 2,200 2,750 310 2,000 3/14 4/12 980 9/20 1,720 4.000 1,600 12/1 part of #2412) Cash (#4912) Cash (#5681) Cash (#6347) 1,580 1,720 2,500 1,600 8 | 1031 12/20 12/29
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Balance 11 1400 310 1090 Over one year 412 2412 3420 2000 600 820 Eight month...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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