User Account

All Pages

Determine the number of days past due

Assignment Help Accounting Basics
Reference no: EM131125479

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 following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:

Customer Balance Due Date
Cottonwood Industries $14,300 July 6
Fargo Company 17,700 September 17
Garfield Inc. 8,500 October 17
Sadler Company 10,000 November 2
Twitty Company 25,000 December 23

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.  

Reference no: EM131125479

Questions Cloud

Explain kants forms of intuition and categories of thought : Explain Kant's distinction between the phenomenal and the noumenal realms. Explain Kant's "forms of intuition" and "categories of thought" and how they spontaneously organize data from experience.
Define operations restructuring and describe : Define operations restructuring and describe how it can be implemented to escape financial distress.
Explain importance of identified communication methods : Identify communication methods for managers within this organization - explain the importance of the identified communication methods within this organizational structure.
Call provisions and sinking fund provisions : Sam Strother and Shawna Tibbs are vice presidents of Mutual of Seattle Insurance Company and codirectors of the company's pension fund management division.
Determine the number of days past due : 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:
How many dresses should katie make each month : Katie is a seamstress who makes wedding dresses. Her monthly cost and revenue functions when make x wedding dresses can be modeled approximately by C(x) = 200 + 150x and R(x) = 700x - 35x2, How many dresses should Katie make each month to maximize ..
What are some of the basic requirements of a successful : What are some of the basic requirements of a successful turnaround plan?
Online car rental dynamically change its layout and styles : This assignment requires you to rewrite your HW2 (Online Car Rental) based on RWD techniques to make your website can dynamically change its layout and styles according to device screen sizes.
What is the d5 and how is it used in patient care : The website states that tobacco use is still a problem in Minnesota. How many Minnesotans die from tobacco related illnesses each year and how can health care professionals help their patients with smoking cessation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Eliminated in the consolidation process

The amount of unrealized intercompany profit in ending inventory at December 31, 2006 that should be eliminated in the consolidation process is:

  What kind of costs are these maintenance

What kind of costs are these maintenance and insurance fees and what type of lease is this to Lessee

  Synopsis on money laundering

Write a 400-500 words synopsis on Money Laundering use at least three sources in your review of the topic. Your review should be similar to a "literature review lite" which covers the topic in some detail, but not fully, due to the constraints in..

  Amfac company manufactures a single product the company

amfac company manufactures a single product.the company keeps careful records of manufacturing activities from which

  Yoder co sells maintenance contracts to the purchasers of

yoder co. sells maintenance contracts to the purchasers of the equipment they sell. the cost of the contract is 1450

  At the beginning of 2011 work in process included 7200 of

what is the balance of the work in process on december 31. at the beginning of 2011 work in process included 7200 of

  Carmelita company sells 40000 units at 18 per unit fixed

carmelita company sells 40000 units at 18 per unit. fixed costs are 62000 and income from operations is 258000.

  Is it possible for a firewall to restrict too much data flow

A firewall should inspect incoming and outgoing data to limit the passage of unauthorized data flow. Is it possible for a firewall to restrict too much data flow?

  A multinational organization in china has experienced

Should Outsourcing Company accept the offer and maintain the contract, or do you have an alternative suggestion?

  A sale of 683 units occurred on june 15 for a selling price

exercise 6-12eggers company reports the following for the month of june. dateexplanationunitsunit costtotal costjune

  Responsibility of the materials purchasing manager

Determine the direct materials price variance, assuming that all materials costs are the responsibility of the materials purchasing manager. Determine the direct materials price variance, assuming that all materials costs are the responsibility of..

  Prepare a partial balance sheet showing the

entries for held-to-maturity securities on july 1 2014 salt mine corporation purchased at par 8 bonds having a maturity

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