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Determine the number of days each account is past due

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Problem - Number of days past due

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

Account

Due Date

Amount

Alpha Auto

May 15

$ 9,000

Best Auto

July 8

3,000

Downtown Repair

March 18

7,500

Lucky's Auto Repair

June 1

5,000

Pit Stop Auto

June 3

750

Sally's 

April 12

13,000

Trident Auto

May 31

1,500

Washburn Repair & Tow

March 2

1,500

Required - Determine the number of days each account is past due.

Reference no: EM132681431

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