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Aging of Receivables Schedule The accounts receivable clerk for Kirchhoff Industries prepared the following partially...

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Accounting

Aging of Receivables Schedule

The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30:

Not Days Past Due
Past Over
Customer Balance Due 1-30 31-60 61-90 90
Academy Industries Inc. 3,800 3,800
Ascent Company 5,000 5,000
Zoot Company 9,500 9,500
Subtotals 838,900 506,700 184,600 80,500 41,900 25,200

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

Customer Balance Due Date
Conover Industries $11,700 July 10
Keystone Company 8,400 September 21
Moxie Creek Inc. 16,800 October 17
Rainbow Company 10,100 November 3
Swanson Company 22,700 December 21

Question Content Area

a. Determine the number of days past due for each of the preceding accounts as of November 30. If an account is not past due, enter 0.

Customer Due Date Number of Days Past Due
Conover Industries July 10 fill in the blank eae933080052fc0_1 days
Keystone Company September 21 fill in the blank eae933080052fc0_2 days
Moxie Creek Inc. October 17 fill in the blank eae933080052fc0_3 days
Rainbow Company November 3 fill in the blank eae933080052fc0_4 days
Swanson Company December 21 fill in the blank eae933080052fc0_5 days

Question Content Area

b. Complete the aging-of-receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank.

Customer Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90
Academy Industries Inc. 3,800 3,800 fill in the blank ddef41f7107d078_1 fill in the blank ddef41f7107d078_2 fill in the blank ddef41f7107d078_3 fill in the blank ddef41f7107d078_4
Ascent Company 5,000 fill in the blank ddef41f7107d078_5 5,000 fill in the blank ddef41f7107d078_6 fill in the blank ddef41f7107d078_7 fill in the blank ddef41f7107d078_8
Zoot Company 9,500 fill in the blank ddef41f7107d078_9 fill in the blank ddef41f7107d078_10 9,500 fill in the blank ddef41f7107d078_11 fill in the blank ddef41f7107d078_12
Subtotals 838,900 506,700 184,600 80,500 41,900 25,200
Conover Industries fill in the blank ddef41f7107d078_13 fill in the blank ddef41f7107d078_14 fill in the blank ddef41f7107d078_15 fill in the blank ddef41f7107d078_16 fill in the blank ddef41f7107d078_17 fill in the blank ddef41f7107d078_18
Keystone Company fill in the blank ddef41f7107d078_19 fill in the blank ddef41f7107d078_20 fill in the blank ddef41f7107d078_21 fill in the blank ddef41f7107d078_22 fill in the blank ddef41f7107d078_23 fill in the blank ddef41f7107d078_24
Moxie Creek Inc. fill in the blank ddef41f7107d078_25 fill in the blank ddef41f7107d078_26 fill in the blank ddef41f7107d078_27 fill in the blank ddef41f7107d078_28 fill in the blank ddef41f7107d078_29 fill in the blank ddef41f7107d078_30
Rainbow Company fill in the blank ddef41f7107d078_31 fill in the blank ddef41f7107d078_32 fill in the blank ddef41f7107d078_33 fill in the blank ddef41f7107d078_34 fill in the blank ddef41f7107d078_35 fill in the blank ddef41f7107d078_36
Swanson Company fill in the blank ddef41f7107d078_37 fill in the blank ddef41f7107d078_38 fill in the blank ddef41f7107d078_39 fill in the blank ddef41f7107d078_40 fill in the blank ddef41f7107d078_41 fill in the blank ddef41f7107d078_42
Totals fill in the blank ddef41f7107d078_43 fill in the blank ddef41f7107d078_44 fill in the blank ddef41f7107d078_45 fill in the blank ddef41f7107d078_46 fill in the blank ddef41f7107d078_47 fill in the blank ddef41f7107d078_48
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