toot auto supply distributes new and used automobile parts to local dealers througho 546048
EX 8-7 Number of days past due
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:
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toot auto supply distributes new and used automobile parts to local dealers througho 546048
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|
Account |
Due Date |
Amount |
|
Avalanche Auto |
August 8 |
$12,000 |
|
Bales Auto |
October 11 |
2,400 |
|
Derby Auto Repair |
June 23 |
3,900 |
|
Lucky’s Auto Repair |
September 2 |
6,600 |
|
Pit Stop Auto |
September 19 |
1,100 |
|
Reliable Auto Repair |
July 15 |
9,750 |
|
Trident Auto |
August 24 |
1,800 |
|
Valley Repair & Tow |
May 17 |
4,000 |
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