Solution-Determine the number of days each account is past

Determine the number of days each account is past due

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Reference no: EM132752906

Problem - 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 15	$12,000
Bales Auto	October 4	2,400
Derby Auto Repair	June 26	3,900
Lucky's Auto Repair	September 10	6,600
Pit Stop Auto	September 24	1,100
Reliable Auto Repair	July 2	9,750
Trident Auto	August 25	1,800
Valley Repair & Tow	May 23	4,000

Required - Determine the number of days each account is past due as of October 31.

Reference no: EM132752906

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Determine the number of days each account is past due

Reference no: EM132752906

Reference no: EM132752906

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