The accounts receivable clerk for Summit Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30:
The accounts receivable clerk for Summit Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30:
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The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:
a. Determine the number of days past due for each of the preceding accounts.
b. Complete the aging-of-receivables schedule by including the omittedaccounts.
|D E F Days Past Due Not Past Over 1-30 2,000 31-60 Customer 4 Abbott Brothers Inc. Alonso Company Balance Due 61-90 90 2,000 1,500 1,500 21 Ziel Company 5,000 807,500 475,000 180,000 5,000 78,500 42,300 31,700 22 Subtotals B. 1234 5
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