kyllow5644
kyllow5644
23.12.2021 • 
Business

Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot’s credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due: Account Due Date Amount
Avalanche Auto August 15 $12,000
Bales Auto October 4 2,400
Derby Auto Repair June 26 3,900
Lucky's Auto Repair September 10 6,600
Pit Stop Auto September 24 1,100
Reliable Auto Repair July 2 9,750
Trident Auto August 25 1,800
Valley Repair & Tow May 23 4,000

Required:
Determine the number of days each account is past due as of October 31.

Solved
Show answers

Ask an AI advisor a question