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You have been presented with the following accounts receivable information from Besley Inc. Construct an aging schedule and calculate DSO and accounts receivable turnover for the 6 month period, using 180 days to calculate average daily credit sales. Besley Inc, manufactures and sells wallboard for use in construction of modular homes. It sells on net 30 terms to contractors.. Following are the last six months sales and the accounts receivable balances at the end of June, the present (report) month. Month Credit sales Uncollected Jan 75,000 5,000 Feb 50,000 5,000 March 100,000 6,000 April 40,000 6,000 May 45,000 8,000 June 50,000 12,000 June 30 A/R Bal 42,000

Financial Management, Finance

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