Question

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 24	$12,000
Bales Auto	October 6	2,400
Derby Auto Repair	June 17	3,900
Lucky's Auto Repair	September 7	6,600
Pit Stop Auto	September 23	1,100
Reliable Auto Repair	July 2	9,750
Trident Auto	August 20	1,800
Valley Repair & Tow	May 24	4,000

Determine the number of days each account is past due as of October 31. Round your answers to the nearest whole number.

Answer 1

Account Que date August 24 October 6 June 17 Nou of days past due 68 (7.4 30 +31) a5 (31-6) (13 +31+31+30 +31) 136 Avalanche auto Bales auto Derby Auto Repair Luckys Auto Repair Pit Shop Auto Reliable Auto Repair Trident Auto september 7 54 (30-7)+31 3 (30-23) +3 1 38 september 23 July 2 121 (29+31+30 +31). 72 (11+30 +31). 160 (7+30+31+31+ 30+ August 20 valley repair & Auto may 24. 31).

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