Time: About 20 minutes.

Download the three aging reports. Each shows December 31, March 31, and June 30. Keep Exhibit D (Balance Sheet) from Lesson 5 open as well.

Exhibit E — AR Aging, Families

Exhibit F — AR Aging, CCS

Exhibit G — AP Aging

1. In Exhibit E, find the family whose balance moves into older buckets from December to June.
2. Find the family that is always behind but never over 90 days.
3. In Exhibit F, find the child whose balance is older than the others at March 31.
4. Compare each aging total at March 31 with the matching line on Exhibit D.