Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tamarisk, inc. includes the following account amon

Tamarisk, Inc. includes the following account among its trade receivables. Hopkins Co. 1/1 Balance forward 854 1/28 Cash (#1710) 1,342 1/20 Invoice #1710 1,342 4/2 Cash (#2116) 1,647 3/14 Invoice #2116 1,647 4/10 Cash...

Free

50.1K

Verified Solution

Question

Accounting

Tamarisk, Inc. includes the following account among its tradereceivables.

Hopkins Co.

1/1Balance forward8541/28Cash (#1710)1,342
1/20Invoice #17101,3424/2Cash (#2116)1,647
3/14Invoice #21161,6474/10Cash (1/1 Balance)187
4/12Invoice #24122,0824/30Cash (#2412)1,220
9/5Invoice #36146029/20Cash (#3614 and part of #2412)968
10/17Invoice #49121,04510/31Cash (#4912)1,045
11/18Invoice #56812,44012/1Cash (#5681)1,525
12/20Invoice #634797612/29Cash (#6347)976

Age the balance.

Answer & Explanation Solved by verified expert
3.7 Ratings (651 Votes)

Hopkins Co. Balance
1-Jan Balance forward 854 10-Apr Cash (1/1 Balance) 187 667
20-Jan Invoice #1710 1,342 28-Jan Cash (#1710) 1,342 0
14-Mar Invoice #2116 1,647 2-Apr Cash (#2116) 1,647 0
12-Apr Invoice #2412 2,082 30-Apr Cash (#2412) 1,586 496
5-Sep Invoice #3614 602 20-Sep Cash (#3614 and part of #2412) 602 0
17-Oct Invoice #4912 1,045 31-Oct Cash (#4912) 1,045 0
18-Nov Invoice #5681 2,440 1-Dec Cash (#5681) 1,525 915
20-Dec Invoice #6347 976 29-Dec Cash (#6347) 976 0
2078
Balance
1-Jan Cash (1/1 Balance) 667
12-Apr Invoice #2412 496
18-Nov Invoice #5681 915
Total 2078
Aging as on 31 st Dec
Invoice number 0-30 days 31-60 days 61-90 days 90+ days Total
Cash (1/1 Balance) 0 0 0 667 667
Invoice #2412 0 0 0 496 496
Invoice #5681 0 915 0 0 915
Total 2078

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the primary fuel source for exercise at a high intensity (i.e. about 70% of...

Medical Sciences
Q

USE Python 2.7(screen shot program with output) the task is: takes in a list of protein...

Programming
Q

The figure shows a circuit containing an electromotive force, a capacitor with a capacitance of C...

Advance Math
Q

At CES 2019, L’Oreal won the award for best innovation in wearable technology for their product,...

Basic Math
Q

5 Water from a tap emerges vertically downward with intial 25 speed 1m s The...

Physics
Q

Suppose that you are headed toward a plateau 21 6 meters high If the angle...

Basic Math
Q

What is the probability that a random point on AK will be on DF A...

Algebra
Q

X Company is thinking about expanding the production of Product A...

Accounting
Q

how can professional Ethics help us in our continuing professional development

Accounting
Q

Profit 240 15 $ 255 Total Less: Withdrawals by owner Tim Allin, capital, April...

Accounting
Q

Note: This problem is for the 2020 tax year. Logan B. Taylor is a widower...

Accounting
Q

8. Enviro Corporation manufactures a special liquid cleaner at its Green plant. Operating data for...

Accounting