You have recently been hired as an accounting intern for Jefferson Mills.The job that you have been assigned for today is to compile a spreadsheet that has six columns.The column headings are: Invoice #; Customer name; 90 days.You are to list every unpaid invoice by customer name with the amount owed entered into the appropriate column for the number of days between the sale date and today.Once you have completed that,you are to sort the report by customer name and then total the amounts listed in each column.What is this report called? A)credit report B)aging schedule C)risk assessment report D)turnover delineation E)receivables consolidation report

Question

You have recently been hired as an accounting intern for Jefferson Mills.The job that you have been assigned for today is to compile a spreadsheet that has six columns.The column headings are: Invoice #; Customer name; < 30 days; 31-60 days; 61-90 days; > 90 days.You are to list every unpaid invoice by customer name with the amount owed entered into the appropriate column for the number of days between the sale date and today.Once you have completed that,you are to sort the report by customer name and then total the amounts listed in each column.What is this report called?
A)credit report
B)aging schedule
C)risk assessment report
D)turnover delineation
E)receivables consolidation report

Quizplus · Accepted Answer

The report being compiled is an aging schedule, which categorizes unpaid invoices by the number of days they have been outstanding. The report is then sorted by customer name and the amounts in each column are totaled. The other answer choices do not accurately describe the purpose or content of this report.

You Have Recently Been Hired as an Accounting Intern for Jefferson