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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 July $31$:

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. $3,0003,000$

Alliance Company $4,5004,500$

Zollinger Company $5,0005,000$

Subtotals $1,050,000600,000220,000115,00085,00030,000$

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

Customer Balance Due Date

Boyd Industries $$36,000$ April $7$

Hodges Company $11,500$ May $29$

Kent Creek Inc. $6,600$ June $8$

Lockwood Company $7,400$ August $10$

Van Epps Company $13,000$ July $2$

Question Content Area

a$.$ Determine the number of days past due for each of the preceding accounts as of July $31.$ If an account is not past due, enter $0.$

Customer Due Date Number of Days Past Due

Boyd Industries April $7$ fill in the blank $1$ of $5$ days

Hodges Company May $29$ fill in the blank $2$ of $5$ days

Kent Creek Inc. June $8$ fill in the blank $3$ of $5$ days

Lockwood Company August $10$ fill in the blank $4$ of $5$ days

Van Epps Company July $2$ fill in the blank $5$ of $5$ days

Question Content Area

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

July $31$

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. $$3,000$ $$3,000$ $Acme Industries Inc. $Acme Industries Inc. $Acme Industries Inc. $Acme Industries Inc.

Alliance Company $4,500$ Alliance Company $4,500$ Alliance Company Alliance Company Alliance Company

Zollinger Company $5,000$ Zollinger Company Zollinger Company $5,000$ Zollinger Company Zollinger Company

Subtotals $1,050,000600,000220,000115,00085,00030,000$

Boyd Industries Boyd Industries Boyd Industries Boyd Industries Boyd Industries Boyd Industries Boyd Industries

Hodges Company Hodges Company Hodges Company Hodges Company Hodges Company Hodges Company Hodges Company

Kent Creek Inc. Kent Creek Inc. Kent Creek Inc. Kent Creek Inc. Kent Creek Inc. Kent Creek Inc. Kent Creek Inc.

Lockwood Company Lockwood Company Lockwood Company Lockwood Company Lockwood Company Lockwood Company Lockwood Company

Van Epps Company Van Epps Company Van Epps Company Van Epps Company Van Epps Company Van Epps Company Van Epps Company

Totals $Totals $Totals $Totals $Totals $Totals $Totals$\backslash$

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