CHAPTER 3 Essential Elements and Basic Activities of Accounting Systems

20.

SOLUTIONS 3-1

The report is as follows:

Aca Pool Co.

Schedule of Aged Accounts Receivable
As of 7/1/2012

Invoice
Date

Total

Bath YWCA
I20021

6/06/2012

6,900

Franklin Resorts
I20003

3/28/2012

2,200

Franklin Resorts
I20016

4/25/2012

3,937

Leeds Hotel
I20020

5/12/2012

3,700

Totals

21.

16,737

The report is as follows:

Current

01-30
Days
Past Due

31- 60
Days
Past Due

61 - 90
Days
Past Due

91+ Days
Past Due

6,900

2,200

2,200

3,937
3,700
6,900

3,700

3,937

CHAPTER 3 Essential Elements and Basic Activities of Accounting Systems

SOLUTIONS 3-

Aca Pool Co.

Schedule of Aged Accounts Payable
As of 7/1/2012

Invoice
Date

Total

Current

01-30
Days
Past Due

31- 60
Days
Past Due

61 - 90
Days
Past Due

91+ Days
Past Due

Coventry Auto Co.

2002

6/06/2012

6,900

6,900

Deakin Pool Supplies

1986

5/12/2012

3,700

3,700

Fennell Chemical Co.

17622

3/28/2012

2,200

2,200

Chan Pool Supplies

984

4/25/2012

3,900

3,900

Major Pool Supplies

2030

6/30/2012

1,300

1,300

18,000

8,200

3,700

3,900

2,200

Totals