Use the following information for the question(s) below.
Wyatt Oil has the following accounts on its books: 
Wyatt extends credit on terms of 1/15,net 30.
-The percentage of Wyatt's receivables that are past due is closest to:
Definitions:
Carrying Amount
The book value of assets and liabilities that are reported on the balance sheet; it's determined by the original cost minus any depreciation, amortization, or impairment costs.
Straight-Line Amortization
Straight-line amortization is a method of gradually reducing the cost of an intangible asset over its useful life in equal installments.
Bond Interest Expense
The cost incurred by an issuer of bonds for paying interest to bondholders.
Face Value
The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its legal value.
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