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:

 EX 9-7 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:

 

Answer

 

Account	Due Date	No. of days past due
Avalanche Auto	8-Aug	84 (23+30+31)
Bales Auto	11-Oct	20 (31-11)
Derby Auto Repair	23-Jun	130 (7+31+31+30+31)
Lucky’s Auto Repair	2-Sep	59 (28+31)
Pit Stop Auto	19-Sep	42 (11+31)
Reliable Auto Repair	15-Jul	108 (16+31+30+31)
Trident Auto	24-Aug	68 (7+30+31)
Valley Repair & Tow	17-May	167 (14+30+31+31+30+31)

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