Solution-Determine the number of days each account is past

Determine the number of days each account is past due

Reference no: EM133107539

Question - 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 16	$12,000
Bales Auto	October 3	2,400
Derby Auto Repair	June 27	3,900
Lucky's Auto Repair	September 10	6,600
Pit Stop Auto	September 23	1,100
Reliable Auto Repair	July 1	9,750
Trident Auto	August 25	1,800
Valley Repair & Tow	May 22	4,000

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

Reference no: EM133107539

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Determine the number of days each account is past due

Reference no: EM133107539

Reference no: EM133107539

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