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If there is trouble reading the text please right click each image and click Open image in new tab. The image should be clearer. Thank you
Wig Creations Company Aging of Receivables Schedule Aging of Receivables; Estimating Allowance for Doubtful Accounts on December 31,20Y1 : \begin{tabular}{lccccccc} & & & \multicolumn{4}{c}{ Days Past Due } \\ \cline { 3 - 7 } Customer & Balance & Not Past Due & 130 & 3160 & 6190 & 91120 & Over 120 \\ \hline Subtotals & 774,200 & 429,700 & 185,800 & 85,200 & 28,600 & 25,500 & 19,400 \end{tabular} The following accounts were unintentionally omitted from the aging schedule: \begin{tabular}{lcr} Customer & Due Date & Balance \\ \hline Arcade Beauty & May 28, 20Y1 & $2,700 \\ Creative Images & Sept. 7, 20Y1 & 5,700 \\ Excel Hair Products & Oct. 17, 20Y1 & 800 \\ First Class Hair Care & Oct. 24, 20Y1 & 1,900 \\ Golden Images & Nov. 23, 20Y1 & 600 \\ Oh That Hair & Nov. 29, 20Y1 & 3,200 \\ One Stop Hair Designs & Dec. 2, 20Y1 & 2,100 \\ Visions Hair \& Nail & Jan. 5, 20Y2 & 6,900 \end{tabular} Wig Creations has a past history of uncollectible accounts by age category, as follows: 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. byontheincomestatement. Percent Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due Required: Uncollectible 1% 3 10 15 35 85 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Customer Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh That Hair One Stop Hair Designs Visions Hair \& Nail Due Date May 28,20Y1 Sept. 7, 20Y1 Oct. 17,20Y1 Oct. 24, 20Y1 Nov. 23, 20Y1 Nov. 29, 20Y1 Dec. 2, 20Y1 Jan. 5, 20Y2 Number of Days Past Due days days days days days days days days
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