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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. Customer

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 Due Date Number of Days Past Due
Arcade Beauty Aug. 17 136 days
Creative Images Oct. 30 62 days
Excel Hair Products July 3 181 days
First Class Hair Care Sept. 8 114 days
Golden Images Nov. 23 38 days
Oh That Hair Nov. 29 32 days
One Stop Hair Designs Dec. 7 24 days
Visions Hair & Nail Jan. 11 0 days

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.

Wig Creations Company
Aging of Receivables Schedule
December 31, 20Y7
Customer Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due 91-120 Days Past Due Over 120
ABC Beauty 19,100 19,100
Angel Wigs 7,700 7,700
Zodiac Beauty 4100 4100
Subtotals 1,303,000 759,800 282,200 128,500 35,300 18,200 79,000
Arcade Beauty
Creative Images 8500
Excel Hair Products 6900
First Class Hair Care
Golden Images
Oh That Hair
One Stop Hair Designs
Visions Hair & Nail
Totals
Percent uncollectible (%) % % % % % %
Estimate of uncollectible accounts $ $ $ $ $ $ $

Can someone please explain to me why this is the correct answer for question 2 for these particular brands when the question 1 CLEARLY STATES the days past due and question 2 says it's wrong and the answer listed is the correct answer. I do not understand.

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