Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2087: Days Past Due Not Past Customer Balance Due 1-30 31-60 61-90 91-120 Over 120 ABC Beauty 20,400 20,400 Angel Wigs 8,000 8,000 Zodiac Beauty 3,700 3,700 Subtotals 1,307,200 755,300 290, 100 116,900 39,600 20,300 85,000 The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Visions Hair & Nail, which is due in the next year. Customer Due Date Balance Arcade Beauty Aug. 17 $4,800 Creative Images Oct. 30 4,600 Excel Hair Products July 3 8,200 First Class Hair Care Sept. 8 7,500 Golden Images Nov. 23 4.000 Customer Due Date Balance Aug. 17 $4,800 Oct. 30 4,600 Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images July 3 8,200 7,500 Sept. 8 Nov. 23 4,000 Oh That Hair Nov. 29 2,200 Dec. 7 6,700 One Stop Hair Designs Visions Hair & Nail Jan. 11 4,100 Wig Creations has a past history of uncollectible accounts by age category, as follows: