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. 5,500 5,500 Ascent Company 3,100 3,100 Zoot Company 7,700 7,700 Subtotals 886,200 535,200 195,000 85,100 44,300 26,600 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $12,400 July 9 Keystone Company 8,900 September 19 Moxie Creek Inc. 17,700 October 17 Rainbow Company 10,600 November 5 Swanson Company 23,900 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 9 fill in the blank 2028570b7fbb07b_1 days Keystone Company September 19 fill in the blank 2028570b7fbb07b_2 days Moxie Creek Inc. October 17 fill in the blank 2028570b7fbb07b_3 days Rainbow Company November 5 fill in the blank 2028570b7fbb07b_4 days Swanson Company December 21 fill in the blank 2028570b7fbb07b_5 days Feedback Area Feedback a. Do not include the due date in your count. Remember that not all months have an equal number of 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. Kirchhoff IndustriesAging of Receivables ScheduleNovember 30 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. 5,500 5,500 fill in the blank b31db007704cfc8_1 fill in the blank b31db007704cfc8_2 fill in the blank b31db007704cfc8_3 fill in the blank b31db007704cfc8_4 Ascent Company 3,100 fill in the blank b31db007704cfc8_5 3,100 fill in the blank b31db007704cfc8_6 fill in the blank b31db007704cfc8_7 fill in the blank b31db007704cfc8_8 Zoot Company 7,700 fill in the blank b31db007704cfc8_9 fill in the blank b31db007704cfc8_10 7,700 fill in the blank b31db007704cfc8_11 fill in the blank b31db007704cfc8_12 Subtotals 886,200 535,200 195,000 85,100 44,300 26,600 Conover Industries fill in the blank b31db007704cfc8_13 fill in the blank b31db007704cfc8_14 fill in the blank b31db007704cfc8_15 fill in the blank b31db007704cfc8_16 fill in the blank b31db007704cfc8_17 fill in the blank b31db007704cfc8_18 Keystone Company fill in the blank b31db007704cfc8_19 fill in the blank b31db007704cfc8_20 fill in the blank b31db007704cfc8_21 fill in the blank b31db007704cfc8_22 fill in the blank b31db007704cfc8_23 fill in the blank b31db007704cfc8_24 Moxie Creek Inc. fill in the blank b31db007704cfc8_25 fill in the blank b31db007704cfc8_26 fill in the blank b31db007704cfc8_27 fill in the blank b31db007704cfc8_28 fill in the blank b31db007704cfc8_29 fill in the blank b31db007704cfc8_30 Rainbow Company fill in the blank b31db007704cfc8_31 fill in the blank b31db007704cfc8_32 fill in the blank b31db007704cfc8_33 fill in the blank b31db007704cfc8_34 fill in the blank b31db007704cfc8_35 fill in the blank b31db007704cfc8_36 Swanson Company fill in the blank b31db007704cfc8_37 fill in the blank b31db007704cfc8_38 fill in the blank b31db007704cfc8_39 fill in the blank b31db007704cfc8_40 fill in the blank b31db007704cfc8_41 fill in the blank b31db007704cfc8_42 Totals fill in the blank b31db007704cfc8_43 fill in the blank b31db007704cfc8_44 fill in the blank b31db007704cfc8_45 fill in the blank b31db007704cfc8_46 fill in the blank b31db007704cfc8_47 fill in the blank b31db007704cfc8_48

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. 5,500 5,500 Ascent Company 3,100 3,100 Zoot Company 7,700 7,700 Subtotals 886,200 535,200 195,000 85,100 44,300 26,600 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover Industries $12,400 July 9 Keystone Company 8,900 September 19 Moxie Creek Inc. 17,700 October 17 Rainbow Company 10,600 November 5 Swanson Company 23,900 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 9 fill in the blank 2028570b7fbb07b_1 days Keystone Company September 19 fill in the blank 2028570b7fbb07b_2 days Moxie Creek Inc. October 17 fill in the blank 2028570b7fbb07b_3 days Rainbow Company November 5 fill in the blank 2028570b7fbb07b_4 days Swanson Company December 21 fill in the blank 2028570b7fbb07b_5 days Feedback Area Feedback a. Do not include the due date in your count. Remember that not all months have an equal number of 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. Kirchhoff IndustriesAging of Receivables ScheduleNovember 30 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. 5,500 5,500 fill in the blank b31db007704cfc8_1 fill in the blank b31db007704cfc8_2 fill in the blank b31db007704cfc8_3 fill in the blank b31db007704cfc8_4 Ascent Company 3,100 fill in the blank b31db007704cfc8_5 3,100 fill in the blank b31db007704cfc8_6 fill in the blank b31db007704cfc8_7 fill in the blank b31db007704cfc8_8 Zoot Company 7,700 fill in the blank b31db007704cfc8_9 fill in the blank b31db007704cfc8_10 7,700 fill in the blank b31db007704cfc8_11 fill in the blank b31db007704cfc8_12 Subtotals 886,200 535,200 195,000 85,100 44,300 26,600 Conover Industries fill in the blank b31db007704cfc8_13 fill in the blank b31db007704cfc8_14 fill in the blank b31db007704cfc8_15 fill in the blank b31db007704cfc8_16 fill in the blank b31db007704cfc8_17 fill in the blank b31db007704cfc8_18 Keystone Company fill in the blank b31db007704cfc8_19 fill in the blank b31db007704cfc8_20 fill in the blank b31db007704cfc8_21 fill in the blank b31db007704cfc8_22 fill in the blank b31db007704cfc8_23 fill in the blank b31db007704cfc8_24 Moxie Creek Inc. fill in the blank b31db007704cfc8_25 fill in the blank b31db007704cfc8_26 fill in the blank b31db007704cfc8_27 fill in the blank b31db007704cfc8_28 fill in the blank b31db007704cfc8_29 fill in the blank b31db007704cfc8_30 Rainbow Company fill in the blank b31db007704cfc8_31 fill in the blank b31db007704cfc8_32 fill in the blank b31db007704cfc8_33 fill in the blank b31db007704cfc8_34 fill in the blank b31db007704cfc8_35 fill in the blank b31db007704cfc8_36 Swanson Company fill in the blank b31db007704cfc8_37 fill in the blank b31db007704cfc8_38 fill in the blank b31db007704cfc8_39 fill in the blank b31db007704cfc8_40 fill in the blank b31db007704cfc8_41 fill in the blank b31db007704cfc8_42 Totals fill in the blank b31db007704cfc8_43 fill in the blank b31db007704cfc8_44 fill in the blank b31db007704cfc8_45 fill in the blank b31db007704cfc8_46 fill in the blank b31db007704cfc8_47 fill in the blank b31db007704cfc8_48

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter8: Receivables

Section: Chapter Questions

Problem 8E: Aging of receivables schedule The accounts receivable clerk for Evers Industries prepared the...

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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 9	fill in the blank 2028570b7fbb07b_1 days
Keystone Company	September 19	fill in the blank 2028570b7fbb07b_2 days
Moxie Creek Inc.	October 17	fill in the blank 2028570b7fbb07b_3 days
Rainbow Company	November 5	fill in the blank 2028570b7fbb07b_4 days
Swanson Company	December 21	fill in the blank 2028570b7fbb07b_5 days

Feedback Area

Feedback

a. Do not include the due date in your count. Remember that not all months have an equal number of 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.

Kirchhoff IndustriesAging of Receivables ScheduleNovember 30

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.	5,500	5,500	fill in the blank b31db007704cfc8_1	fill in the blank b31db007704cfc8_2	fill in the blank b31db007704cfc8_3	fill in the blank b31db007704cfc8_4
Ascent Company	3,100	fill in the blank b31db007704cfc8_5	3,100	fill in the blank b31db007704cfc8_6	fill in the blank b31db007704cfc8_7	fill in the blank b31db007704cfc8_8
Zoot Company	7,700	fill in the blank b31db007704cfc8_9	fill in the blank b31db007704cfc8_10	7,700	fill in the blank b31db007704cfc8_11	fill in the blank b31db007704cfc8_12
Subtotals	886,200	535,200	195,000	85,100	44,300	26,600
Conover Industries	fill in the blank b31db007704cfc8_13	fill in the blank b31db007704cfc8_14	fill in the blank b31db007704cfc8_15	fill in the blank b31db007704cfc8_16	fill in the blank b31db007704cfc8_17	fill in the blank b31db007704cfc8_18
Keystone Company	fill in the blank b31db007704cfc8_19	fill in the blank b31db007704cfc8_20	fill in the blank b31db007704cfc8_21	fill in the blank b31db007704cfc8_22	fill in the blank b31db007704cfc8_23	fill in the blank b31db007704cfc8_24
Moxie Creek Inc.	fill in the blank b31db007704cfc8_25	fill in the blank b31db007704cfc8_26	fill in the blank b31db007704cfc8_27	fill in the blank b31db007704cfc8_28	fill in the blank b31db007704cfc8_29	fill in the blank b31db007704cfc8_30
Rainbow Company	fill in the blank b31db007704cfc8_31	fill in the blank b31db007704cfc8_32	fill in the blank b31db007704cfc8_33	fill in the blank b31db007704cfc8_34	fill in the blank b31db007704cfc8_35	fill in the blank b31db007704cfc8_36
Swanson Company	fill in the blank b31db007704cfc8_37	fill in the blank b31db007704cfc8_38	fill in the blank b31db007704cfc8_39	fill in the blank b31db007704cfc8_40	fill in the blank b31db007704cfc8_41	fill in the blank b31db007704cfc8_42
Totals	fill in the blank b31db007704cfc8_43	fill in the blank b31db007704cfc8_44	fill in the blank b31db007704cfc8_45	fill in the blank b31db007704cfc8_46	fill in the blank b31db007704cfc8_47	fill in the blank b31db007704cfc8_48

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		Not	Days Past Due
		Past				Over
Customer	Balance	Due	1-30	31-60	61-90	90
Academy Industries Inc.	5,500		5,500
Ascent Company	3,100				3,100

Zoot Company	7,700						7,700
Subtotals	886,200		535,200		195,000		85,100	44,300	26,600