Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. trophy fish company supplies flies and fishing gea

Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout...

80.2K

Verified Solution

Question

Accounting

Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y4: 1 Not Days Past Due Days Past Due Days Past Due Days Past Due Days Past Due 2 Past 3 Customer Balance Due 1-30 31-60 61-90 91-120 Over 120 4 AAA Outfitters 20,600.00 20,600.00 5 Brown Trout Fly Shop 7,200.00 7,200.00 6 ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ 7 8 Zigs Fish Adventures 4,200.00 4,200.00 9 Subtotals 1,301,200.00 751,700.00 287,100.00 126,100.00 37,800.00 23,500.00 75,000.00 The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Wolfe Sports, which is due in the next year. Customer Due Date Balance Adams Sports & Flies May 22 $4,900 Blue Dun Flies Oct. 10 5,200 Cicada Fish Co. Sept. 29 8,300 Deschutes Sports Oct. 20 6,800 Green River Sports Nov. 7 3,800 Smith River Co. Nov. 28 2,900 Western Trout Company Dec. 7 7,000 Wolfe Sports Jan. 20 4,400

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students