User Account

All Pages

Determine the number of days each account is past due

Assignment Help Financial Accounting
Reference no: EM132470183

Number of Days Past Due

Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due:

Account                             Due Date                                   Amount

Avalanche Auto               August 8                             $12,000

Bales Auto                    October 11                              2,400

Derby Auto Repair          June 23                                   3,900

Lucky's Auto Repair       September 2                             6,600

Pit Stop Auto               September 19                           1,100

Reliable Auto Repair       July 15                                    9,750

Trident Auto               August 24                                 1,800

Valley Repair & Tow       May 17                                   4,000

Question 1: Determine the number of days each account is past due as of October 31.

Account                              Due Date                    Number of Days Past Due

Avalanche Auto                August 8                       ____

Bales Auto                      October 11                    ____

Derby Auto Repair           June 23                         ____

Lucky's Auto Repair         September 2                    ____

Pit Stop Auto                September 19                    ____

Reliable Auto Repair           July 15                          ____

Trident Auto                 August 24                         ____

Valley Repair & Tow        May 17                               ____

Reference no: EM132470183

Questions Cloud

Discuss the life cycle of an insurance claim : Discuss the life cycle of an insurance claim. For example, where does this cycle begin? How does it begin?
CO4509 Computer Security Assignment : CO4509 Computer Security Assignment Help and Solution, University of central lancashire - Assessment Writing Service - Your analysis of the likely future
Cms reimbursement methodologies : Chapter 9 discusses CMS's reimbursement systems. Read this chapter and discuss the following:
Professional leadership and communication for healthcare : Describe a time when you were in a social situation that triggered a bioreaction(s) by doing the following:
Determine the number of days each account is past due : Determine the number of days each account is past due as of October 31. Toot Auto Supply distributes new and used automobile parts to local dealers
Describe a full revenue cycle process utilizing a personal : Describe a full revenue cycle process utilizing a personal doctor/dentist visit step by step.
Study reviews or outlines that could help with first exam : When studying for Foundations 3632 Exam 1 at UTA - it covers Taylor CoursePoint
Prepare amount of adjusting entry for doubtful account : At the end of the current year, Determine and prepare the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions
Identify a quality improvement opportunity in organization : Identify a quality improvement opportunity in your organization or practice. In a 1,250-1,500 word paper, describe the problem or issue

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd