Ask Question
2 October, 22:14

Number of Days Past Due 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 Determine the number of days each account is past due as of October 31. Account Due Date Number of Days Past Due Avalanche Auto August 15 Bales Auto October 4 Derby Auto Repair June 26 Lucky's Auto Repair September 10 Pit Stop Auto September 24 Reliable Auto Repair July 2 Trident Auto August 25 Valley Repair & Tow May 23

+4
Answers (1)
  1. 3 October, 01:54
    0
    Check the explanation

    Explanation:

    Account Due Date Number of Days Past Due

    Avalanche Auto August 15 (23+30+31) = 84 days

    Bales Auto October 4 20 days

    Derby Auto Repair September 24 (7+31+31+30+31) = 130 days

    Lucky's Auto Repair September 24 (28+31) = 59 days

    Pit Stop Auto September 19 (11+31) = 42 days

    Reliable Auto Repair July 15 (16+31+30+31) = 108 days

    Trident Auto August 25 (7+30+31) = 68 days

    Valley Repair & Tow May 28 (14+30+31+31+30+31) = 167 days
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Number of Days Past Due Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers