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1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. 2.
1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero.
2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank.
Aging of receivables; estimating allowance for doubtful accounts receivables schedule as of the end of business on December 31, 20Y7: Wig Creations has a past history of uncollectible accounts by age category, as follows: 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Wig Creations Company Aging of Receivables Schedule December 31, 20Y7 Customer ABC Beauty Angel Wigs Zodiac Beauty Subtotals Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh That Hair One Stop Hair Designs Visions Hair \& Nail Totals Percent uncollectible (\%) Estimate of uncollectible accountsStep by Step Solution
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