Mighty power tool company aging? schedule

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Reference no: EM131351132

The Mighty Power Tool Company has the following accounts on its? books:

Customer Amount Owed ($) Age (days)

ABC 50,000 35

DEF 35,000 5

GHI 15,000 10

KLM 75,000 22

NOP 42,000 40

QRS 18,000 12

TUV 82,000 53

WXY 36,000 90

The firm extends credit on terms of 1 / 15, net 30.

Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days.

Fill in the following Mighty Power Tool Company Aging? Schedule: ?(Round dollar amounts to the nearest dollar and percentages to one decimal? place.)

Reference no: EM131351132

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