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37) Ashley's Ad Agency's accounts receivable totaled $451,000 January 30,

Question : 37) Ashley's Ad Agency's accounts receivable totaled $451,000 January 30, : 1415281

 

37) Ashley's Ad Agency's accounts receivable totaled $451,000 on January 30, 2015. An aging summary of receivables at this date follows:

The firm extends 30-day credit terms to all its credit customers.

(a)Prepare an aging schedule for Ashley's Ad Agency.

(b)Evaluate the firm's collection performance.

 

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