The Mighty Power Tool Company has the following accounts on its books, Quick finance/accounting, assignment help

Please show work so I can learn how to complete the problem.

The Mighty Power Tool Company has the following accounts on its books:

CUSTOMER, AMOUNT OWED($), AGE (DAYS)

ABC, 52000, 36

DEF, 38000, 4

GHI, 14000, 12

KLM, 72000, 21

NOP, 46000, 40

QRS, 20000, 13

TUV, 87000, 53

WXY, 41000, 91

The firm extends credit on terms of 1.0/15, Net 30. Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days.

******Complete the Mighty Power Tool Company’s aging schedule below:

Days Outstanding: 0-15, Amount owed: $______, Accounts Receivable_____%

Days Outstanding: 16-30, Amount owed: $______, Accounts Receivable_____%

Days Outstanding: 31-45, Amount owed: $______, Accounts Receivable_____%

Days Outstanding: 46-60, Amount owed: $______, Accounts Receivable_____%

Days Outstanding: over 60, Amount owed: $______, Accounts Receivable_____%