A South Daytona aging report lists $36,200 at 31-60 days, $21,300 at 61-90 days, and $11,800 over 90 days. What amount is more than 30 days past due?
Correct Answer
D) $69,300
Use only the aging buckets requested in the question.
Why This Is the Correct Answer
Use only the aging buckets requested in the question.
Why the Other Options Are Wrong
Option A: $57,500
$57,500 is below the supported result for receivables aging; it likely uses the wrong base, period, or account bucket.
Option B: $48,000
$48,000 is below the supported result for receivables aging; it likely uses the wrong base, period, or account bucket.
Option C: $33,100
$33,100 is below the supported result for receivables aging; it likely uses the wrong base, period, or account bucket.
Memory Technique
Receivables Aging drawer for Collection Report: label only before counting dollars.
Reference Hint
Open-book path: tab Builder's Guide to Accounting, 2001 to Section One, Managing Receivables, Track Your Receivables Trend; use the job ledger figures in the stem and recompute the same accounting measure.
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