EX 9-7 Number of days past due
Honest Abe’s Auto Supply distributes new and used automobile parts to local dealers throughout the Northeast. Honest Abe’s credit terms are n/30. As of the end of business on July 31, the following accounts receivable were past due:
|
Account |
Due Date |
Amount |
|
Alpha Auto |
15-May |
$9,000 |
|
Best Auto |
8-Jul |
3,000 |
|
Downtown Repair |
18-Mar |
7,500 |
|
Lucky’s Auto Repair |
1-Jun |
5,000 |
|
Pit Stop Auto |
3-Jun |
750 |
|
Sally’s |
12-Apr |
13,000 |
|
Trident Auto |
31-May |
1,500 |
|
Washburn Repair & Tow |
2-Mar |
1,500 |