Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest....
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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 11 $12,000 Bales Auto October 2 2,400 Derby Auto Repair June 18 3,900 Lucky's Auto Repair September 8 6,600 Pit Stop Auto September 24 1,100 Reliable Auto Repair July 2 9,750 Trident Auto August 21 1,800 Valley Repair & Tow May 24 4,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the number of days each account is past due as of October 31. Round your answers to the nearest whole number. Account Due Date Number of Days Past Due Avalanche Auto August 11 Bales Auto October 2 Derby Auto Repair June 18 Lucky's Auto Repair September 8 Pit Stop Auto September 24 Reliable Auto Repair July 2 Trident Auto August 21 Valley Repair & Tow May 24
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