Question: Exercise 7-11 Your answer is partially correct. Try again. Indigo, Inc. includes the following account among its trade receivables. 1/1 1/20 3/14 4/12 9/5 10/17

Exercise 7-11 Your answer is partially correct. Try again. Indigo, Inc.

Exercise 7-11 Your answer is partially correct. Try again. Indigo, Inc. includes the following account among its trade receivables. 1/1 1/20 3/14 4/12 9/5 10/17 11/18 12/20 Balance forward Invoice #1710 Invoice #2116 Invoice #2412 Invoice #3614 Invoice #4912 Invoice #5681 Invoice #6347 Hopkins Co. 742 1/28 1,166 4/2 1,431 4/10 1,810 4/30 522 9/20 909 10/31 2,120 12/1 848 12/29 Cash (#1710) Cash (#2116) Cash (1/1 Balance) Cash (#2412) Cash (#3614 and part of #2412) Cash (#4912) Cash (#5681) Cash (#6347) 1,166 1,431 163 1,060 840 909 1,325 848 Age the balance. Balance 1/1 -689 Over 1 year [4/12 (Invoice #2412) 6 months to 1 year X 11/18 (Invoice #5681) 1 month to 3 months X

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