Question: Answer the following multiple choice questions pertaining to Lab 1: a. If Home Depot has an invoice due date of 12/2/2021 and todays date is

Answer the following multiple choice questions pertaining to Lab 1:
a. If Home Depot has an invoice due date of 12/2/2021 and today’s date is 12/31/2021, what is the number of days past due?
i. 27
ii. 30
iii. 28
iv. 29
b. What is the total receivables due in the 1–30 day A/R aging bucket?
i. $35,641.82
ii. $23,958.44
iii. $27,312.04
iv. Cannot be determined

c. What is the gross amount of accounts receivable for this dataset?
i. $137,723.45
ii. $127,312.04
iii. $134,499.08
iv. $169,144.34
d. In the detailed 151–180 A/R aging bucket, what is the amount owed by Coca-Cola?
i. $1,249.67
ii. $471.33
iii. $289.16
iv. $729.16
e. In the detailed 1–30 A/R aging bucket, what is the amount owed by Canon?
i. $747.12
ii. $1,447.32
iii. $1,162.88
iv. $658.05

Step by Step Solution

3.36 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The number of days past due is 29 The due date was 1222021 and todays date i... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Information Systems Questions!