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

1	A	B	C	D	E	F	G
2				Days Past Due	Days Past Due	Days Past Due	Days Past Due
3	Customer	Balance	Not Past Due	1-30	31-60	61-90	Over 90
4	Acme Industries Inc.	3,000.00	3,000.00
5	Alliance Company	4,500.00		4,500.00
6	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~	~~~~~
7	Zollinger Company	5,000.00			5,000.00
8	Subtotals	1,050,000.00	600,000.00	220,000.00	115,000.00	85,000.00	30,000.00

The following accounts were unintentionally omitted from the aging sc

chedule and not included in the preceding subtotals:

Customer	Balance	Due Date
Builders Industries	$44,500	May 1
Elkhorn Company	21,000	June 20
Granite Creek Inc.	7,500	July 13
Lockwood Company	14,000	September 9
Teton Company	13,000	August 7

Required:

A.

Determine the number of days past due for each of the preceding accounts as of August 31. If an account is not past due, enter a zero.

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. A. Determine the number of days past due for each of the preceding accounts as of August 31. If an account is not past due, enter a zero. Customer Due Date Number of Days Past Due Builders Industries May 1 days Elkhorn Company June 20 days Granite Creek Inc. July 13 days Lockwood Company September 9 days Teton Company August 7 days Waddell Industries Aging of Receivables Schedule August 31 1 Days Past Due Days Past Due Days Past Due Days Past Due 2 Customer Balance Not Past Due 1-30 31-60 61-90 Over 90 3 Acme Industries Inc. 3,000.00 3,000.00 4 Alliance Company 4,500.00 4,500.00 5 ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ ~~~~~ 6 Zollinger Company 5,000.00 5,000.00 7 Subtotals 1,050,000.00 600,000.00 220,000.00 115,000.00 85,000.00 30,000.00 8 Builders Industries 9 Elkhorn Company 10 Granite Creek Inc. 11 Lockwood Company 12 Teton Company 13 Totals

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