Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann

تمرين 9

Richards Book Locator (RBL) in Manhattan, Kansas, uses the balance forward method for receivables. The records for Ted Dodge, a collector of old and rare accounting books, show the following for the month of November:

The records contain the following data regarding sales to Ted for the past few months:

Required:
Perform an aging of Ted Dodge's account as of November 30, assuming the aging periods are 0 to 30 days, 31 to 60 days, 61 to 90 days, 91 to 120 days, and more than 120 days. Assume that all receipts are applied to the oldest invoices. You do not need to prepare a formal report.