Question

Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's...

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:

Account Due Date Amount
Avalanche Auto August 8 $12,000   
Bales Auto October 11 2,400
Derby Auto Repair June 23 3,900
Lucky's Auto Repair September 2 6,600
Pit Stop Auto September 19 1,100
Reliable Auto Repair July 15 9,750
Trident Auto August 24 1,800
Valley Repair & Tow May 17 4,000

Determine the number of days each account is past due as of October 31.

Account Due Date Number of Days Past Due
Avalanche Auto August 8 fill in the blank 1
Bales Auto October 11 fill in the blank 2
Derby Auto Repair June 23 fill in the blank 3
Lucky's Auto Repair September 2 fill in the blank 4
Pit Stop Auto September 19 fill in the blank 5
Reliable Auto Repair July 15 fill in the blank 6
Trident Auto August 24 fill in the blank 7
Valley Repair & Tow May 17 fill in the blank 8

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