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Question: aging of receivables schedule the accounts receivable clerk for evers...

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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 November 30:

Not Days Past Due
Past Over
Customer Balance Due 1-30 31-60 61-90 90
Acme Industries Inc. 5,500 5,500
Alliance Company 4,600 4,600
Zollinger Company 7,900 7,900
Subtotals 850,500 513,800 187,100 81,600 42,500 25,500

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

Customer     Balance Due Date
Boyd Industries $11,900 July 9
Hodges Company 8,500 September 21
Kent Creek Inc. 17,000 October 18
Lockwood Company 10,200 November 4
Van Epps Company 23,000 December 21

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
Boyd Industries July 9 days
Hodges Company September 21 days
Kent Creek Inc. October 18 days
Lockwood Company November 4 days
Van Epps Company December 21 days

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.

Evers Industries
Aging of Receivables Schedule
November 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
Acme Industries Inc. $5,500 $5,500 $ $ $ $
Alliance Company 4,600 4,600
Zollinger Company 7,900 7,900
Subtotals 850,500 513,800 187,100 81,600 42,500 25,500
Boyd Industries
Hodges Company
Kent Creek Inc.
Lockwood Company
Van Epps Company
Totals $ $ $ $ $ $
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