Accounting Chapter 8 Homework Aging of Receivables Schedule

subject Type Homework Help
subject Pages 2
subject Words 372
subject Authors Carl S. Warren, James M. Reeve, Jonathan Duchac

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1. Customer Due Date
Arcade Beauty August 17, 2013
Creative Images October 30, 2013
Excel Hair Products July 3, 2013
First Class Hair Care September 8, 2013
Golden Images November 23, 2013
Oh That Hair November 29, 2013
One Stop Hair Designs December 7, 2013
Visions Hair & Nail January 11, 2014
2., 3.
Not Past Over
Customer Balance Due 1 - 30 31 - 60 61 - 90 91 - 120 120
ABC Beauty 15,000$ 15,000$
Angel Wigs 8,000 8,000$
Zodiac Beauty 3,000 3,000
Subtotals 875,000$ 415,000$ 210,000$ 112,000$ 55,000$ 18,000$ 65,000$
Arcade Beauty 10,000
Creative Images 8,500
Excel Hair Products 7,500
First Class Hair Care 6,600
Golden Images 3,600
Oh That Hair 1,400
One Stop Hair Designs 4,000
Visions Hair & Nail 9,000
Totals 925,600$
Percent uncollectible
Estimate of
uncollectible accounts
4.
5.
On the balance sheet, the omission would cause:
assets to be by
owner's capital to be by
On the income statement, the omission would cause:
expenses to be by
net income to be by
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0%
[Key code here]
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Score:
Key Code:
Instructions
Number of Days
Past Due
Days Past Due
December 31, 2013
Aging of Receivables Schedule
Name:
Section:
page-pf2
An asterisk (*) will appear to the right of an incorrect entry.
Enter a zero in cells you would otherwise leave blank.
1. Customer Due Date
Arcade Beauty August 17, 2013 136
Creative Images October 30, 2013 62
2., 3.
Not Past Over
Customer Balance Due 1 - 30 31 - 60 61 - 90 91 - 120 120
Problem 8-2B
Name:
Solution
Section:
Aging of Receivables Schedule
December 31, 2013
Days Past Due
Number of Days
Past Due
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON
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