Homework Answers
Solution:
| Customer | Due Date | Number of Days Past Due | |
| Conover industries | 22-Mar | 162 | Days |
| Keystone company | 1-Jul | 61 | Days |
| Moxie Creek Inc. | 25-Jul | 37 | Days |
| Rainbow Company | 10-Sep | 0 | Days |
| Swanson Company | 3-Aug | 28 | Days |
| Kirchhoff Industries | ||||||
| Aging of Receivables Schedule | ||||||
| 31-Aug | ||||||
| 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. | $3,000.00 | $3,000.00 | ||||
| Ascent Company | $4,500.00 | $4,500.00 | ||||
| Zoot Company | $5,000.00 | $5,000.00 | ||||
| Subtotals | $1,050,000.00 | $600,000.00 | $220,000.00 | $115,000.00 | $85,000.00 | $30,000.00 |
| Conover industries | $30,000.00 | $30,000.00 | ||||
| Keystone company | $18,000.00 | $18,000.00 | ||||
| Moxie Creek Inc. | $9,000.00 | $9,000.00 | ||||
| Rainbow Company | $26,400.00 | $26,400.00 | ||||
| Swanson Company | $46,600.00 | $46,600.00 | ||||
| Totals | $1,180,000.00 | $626,400.00 | $266,600.00 | $124,000.00 | $103,000.00 | $60,000.00 |
Add Answer to:
Keystone Company Moxie Creek Inc. Rainbow Company Swanson Company 18,000 9,000 26,400 46,600 July 1 July...
46 Aging of Receivables Schedule The accounts receivable clerk for Kirchhoff Industries prepared the following partially...
46
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. 3,200 3,200 Ascent Company 4,400 4,400 Zoot Company 11,000 11,000 Subtotals 871,500 526,400 191,700 83,700 43,600 26,100 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:...
The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed 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. 5,400 5,400 Ascent Company 3,000 3,000 Zoot Company 11,100 11,100 Subtotals 742,300 448,300 163,300 71,300 37,100 22,300 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer Balance Due Date Conover...
The accounts recetvabie cierk tor Kirehnot Industries preoared the tollowing partialy completed aging of receivables schedule...
The accounts recetvabie cierk tor Kirehnot Industries preoared the tollowing partialy completed aging of receivables schedule as of the end of business an November 30 Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. S,000 5,000 Ascent Company 3,400 3,400 Zoot Compamy 7,400 7,400 Subtotals 764, 200 461,600 168, 100 73,400 38,200 22,900 The following accounts were unintentlonally omitted from the aging schedule and not included In the subtotals aboVe: Customer Balance Due...
Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown...
Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 1% 1-30 days past due 6 31-60 days past due 25 61-90 days past due 35 Over 90 days past due 50 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90...
48 Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent...
48
Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 2% 1-30 days past due 6 31-60 days past due 25 61-90 days past due 35 Over 90 days past due 50 Estimate the allowance for doubtful accounts, based the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 178,900 31-60 Days Past Due 61-90 Days Past Due 40,700...
Aging of Receivables Schedule The accounts receivable clerk for Evers Industries prepared the following partially completed...
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...
Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance...
Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 788,100 465,000 173,400 70,900 39,400 39,400 Boyd Industries 12,000 12,000 Hodges Company 21,600 21,600 Kent Creek Inc. 6,300 6,300 Lockwood Company 8,100 8,100 Van Epps Company 25,700 25,700 Totals 861,800 490,700 181,500 77,200 61,000 51,400 Percentage uncollectible 1% 6% 25% 35% 50% Allowance...
how can I solve this question? Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Sch...
how can I solve this
question?
Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Customer Balance Subtotals 687,500 405,600 151,300 61,900 34,400 34,300 Boyd Industries 13,700 15,600 6,900 7,900 Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals Percentage uncollectible Allowance for Doubtful Accounts 13,700 15,600 6,900 7,900 28,700 28,700 760,300 434,300...
Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule...
Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 702,200 414,300 154,500 63,200 35,100 35,100 Boyd Industries 14,600 14,600 Hodges Company 15,800 15,800 Kent Creek Inc. 7,300 7,300 Lockwood Company 7,500 7,500 Van Epps Company 29,200 29,200 Totals 776,600 443,500 162,000 70,500 50,900 49,700 Percentage uncollectible 2% 6%...
Estimating Allowance for Doubtful Accounts Quigley Industries has a past history of uncollectible accounts, as shown...
Estimating Allowance for Doubtful Accounts Quigley Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 2 % 1-30 days past due 5 31-60 days past due 20 61-90 days past due 30 Over 90 days past due 45 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Quigley Industries Aging-of-Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days...
46
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. 3,200 3,200 Ascent Company 4,400 4,400 Zoot Company 11,000 11,000 Subtotals 871,500 526,400 191,700 83,700 43,600 26,100 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:...
The accounts recetvabie cierk tor Kirehnot Industries preoared the tollowing partialy completed aging of receivables schedule as of the end of business an November 30 Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. S,000 5,000 Ascent Company 3,400 3,400 Zoot Compamy 7,400 7,400 Subtotals 764, 200 461,600 168, 100 73,400 38,200 22,900 The following accounts were unintentlonally omitted from the aging schedule and not included In the subtotals aboVe: Customer Balance Due...
48
Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 2% 1-30 days past due 6 31-60 days past due 25 61-90 days past due 35 Over 90 days past due 50 Estimate the allowance for doubtful accounts, based the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 178,900 31-60 Days Past Due 61-90 Days Past Due 40,700...
how can I solve this
question?
Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Customer Balance Subtotals 687,500 405,600 151,300 61,900 34,400 34,300 Boyd Industries 13,700 15,600 6,900 7,900 Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals Percentage uncollectible Allowance for Doubtful Accounts 13,700 15,600 6,900 7,900 28,700 28,700 760,300 434,300...
Most questions answered within 3 hours.
-
Equivalent Units of Conversion Costs
The Rolling Department of Kraus Steel Company had 2,370 tons in...
asked 15 seconds ago -
Genetic differences between closely related species are due to
changes at both synonymous and nonsynonymous sites...
asked 6 minutes ago -
Assignment:
Implement an 8 bit register in VHDL/Verilog using Model Sim
software. Show two test cases...
asked 10 minutes ago -
Think about the published number of fatalities in the
September 11th disaster in New York. Why...
asked 7 minutes ago -
Suppose you are very allergic to peanuts or even grass, and you
go into anaphylactic shock....
asked 9 minutes ago -
The governor has proposed to clean up all the trash on the side
of the highway....
asked 25 minutes ago -
molecule
lewis structure
electron geometry
molecular geometry
bond angles
polar or non polar
#valenceelectrons
I3^-
SO2...
asked 24 minutes ago -
Freedman-Nissim-Pinkas Protocol not always correct. Explain
briefly why
asked 29 minutes ago -
What is the mechanism of phthalic acid and m-xylene which
results in 2-(2,4-dimethylbenzoyl) benzoic acid ?...
asked 44 minutes ago -
describe business writing is
audience oriented
purposeful
Economical
asked 46 minutes ago -
Please explain how to solve these problems without using
excel.
A zero coupon bond has a...
asked 52 minutes ago -
Choose a disease that is caused by a defect in cell signaling.
Explain the cause of...
asked 52 minutes ago