Apple Blossom Cologne Company

Account Receivable - Aged Trial Balance

12/31/2003
(Prepared by Client)

Customer

Current
1-30
days

Alpha Aroma
Bobell Beauty
Supplies
Body Bar

B-1
01/21/2004

30-60

60-90

Over

days

days

90 days

3.900

3.900
750

2.100

800

Capital Odors

7.400

Cut-Rate Discount Stores

2.380

1.720

Darings

26.200

5.500

Frankies Floral Frag.

17.200

Incense, Inc.

1.760

Janis Departement Stores

4.600

Lone Star Supply

Total

1.050

750
3.950
7.400

400

C (B5)

4.500
31.700
17.200

7.300

Subsequent
Collection

Comment by Credit

01/02/2004

to 1-15-04

Manager - B. Robertson

negative

---

Good account

negative

---

Extremly doubtful

negative

2.850

Slow paying, good account

positive

4.300

Good account

negative

2.000

Slow paying but has always paid

positive

26.000

Established company, good pay

positive

---

Good account

positive

7.980

Never been delinquent before

4.600

negative

4.515

Good account

3.290

3.290

negative

2.500

Good account

National Gas

1.850

1.850

negative

1.200

Good account

Rausch's Dept. Store

Tears & Doefall Company

2.700

negative
positive

2.350

Slow paying, good account

Good account

1.350

9.060

C(B4)
C (B2)
#(B5)

Confirmatio
n
Mailed

4.050
C(B-

77.540

77.540

William's Fragrances

19.400

19.400

Young & Beautiful

17.000

Various Other Acct's

4.767

Per client

188.187

1.748

20.570
^

750

187.107

(750)
(1080)
(1748)

20.570

209.127

1.450

@
C
R

Corresponds to entry in cash receipts journal

Uncollectible for B. Robertson. Propose (AJE #1) to write off receivable:

106

Allowance for bad debt

105

positive

--17.000

Accounts receivable

Note: No negative confirmations were returned.

Good account
$1,748 credit should be allowed

--129.695

^^

(750)

Footed
Footed and crossfooted
Balances and aging traced from subsidiary ledger
Positive confirmation mailed. No exceptions noted.

^^

positive

212.705

(1748)

^
^

3.198

(1080)

Per audit

59.000

4.767

^
Audit adjustments
(AJE #1)
(AJE #2)
(AJE #3)

18.748

3)
C(B3)
#(B4)

percentage of accounts receivable collected

as of 1/15/04 :
$129,695/209,127 =
62%

^^

Error in charging for invoice #1503. Propose (AJE #2) to correct error:
701

750
750

Sales

1.080

105 Accounts receivable

Young & Beautiful refused to pay $1,748 because of damaged
merchandise. Propose (AJE #3):
703 Sales returns and allowances
1.748
105 Accounts receivable

1.080

1.748