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Aging of receivables schedule The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on July 31: The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals: Customer Balance Due Date Boyd Industries $36,000 April 7 Hodges Company 11,500 May 29 Kent Creek Inc. 6,600 June 8 Lockwood Company 7,400 August 10 Van Epps Company 13,000 July 2 A. Determine the number of days past clue for each of the preceding accounts as of July 31. B. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals.

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Corporate Financial Accounting

15th Edition
Carl Warren + 1 other
Publisher: Cengage Learning
ISBN: 9781337398169
BuyFind

Corporate Financial Accounting

15th Edition
Carl Warren + 1 other
Publisher: Cengage Learning
ISBN: 9781337398169

Solutions

Chapter 8, Problem 8.8EX
Textbook Problem

Aging of receivables schedule

The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on July 31:

Chapter 8, Problem 8.8EX, Aging of receivables schedule The accounts receivable clerk for Evers Industries prepared the

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

Customer Balance Due Date
Boyd Industries $36,000 April 7
Hodges Company 11,500 May 29
Kent Creek Inc. 6,600 June 8
Lockwood Company 7,400 August 10
Van Epps Company 13,000 July 2
  1. A. Determine the number of days past clue for each of the preceding accounts as of July 31.
  2. B. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals.

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Chapter 8 Solutions

Corporate Financial Accounting
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