Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Aging of Recensies Estimating na Detit Accounts Wig Creation Company we wigs and hair care proud to beauty salons throughout Texas and the Southwest. The

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Aging of Recensies Estimating na Detit Accounts Wig Creation Company we wigs and hair care proud to beauty salons throughout Texas and the Southwest. The accounts receivable for Wig Creations prepared me toning prilly completed aging of recettes shes of the end of business on December 31, 2017 Not Days Past Due Balance Due 1-30 31-60 61-10 91-120 Over 120 Customer ABC Beauty Angel Wigs 21,000 21.000 7.900 7.900 Zotit 100 4.100 Site 1,250,000 755,700 300,000 120,000 38,400 23,600 114200 The way from the inghettore current years to co wich is the next year Custom Due Date Balance Art $5,500 Creative me Oct 30 5,300 Harta 3 8.500 First Class Halcone 7,400 Golden 3,500 On That 29 2,200 One Stop Hair Designs 1,500 Visions 11 9,000 de Problems eBook Printiem Wig Creations has a past history of uncollectible accounts by age category, as follows: Percent Age Class Uncollectible Not past due 1% 1-30 days past due 2 31-60 days past due 12 61-90 days past due 32 91-120 days past due 38 Over 120 days past due 76 Required: 1. Determine the number of days put out 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 days Creative Images Oct. 30 days Excel Hair Products July 3 days First Class Hair Care Septo days Golden Images Nov. 23 days on That Hair Nov. 29 days One Stop Hair Designs Dec 7 days Visions Hair & Nail Jon 11 days Aug. 17 hapter 8 Exercises & Problems 2008 El Printem 2. Complete the aging or recebis schedulit by adding the omitted accounts to the bottom of the schedule and updating the totais if an amount tox does not require an entry leave it blank Wig Creations Company Aging of Receivables Schedule December 31, 2017 Not Past Days Past Days Past Days Past Days Past Days Past Balance Due De 1-30 Customer De 31-10 Don 61.90 Du 01-120 Due Over 120 ABC Duty 21.000 25,000 Angel Wigs 7,900 7.900 Zon Det 100 4.100 Butts 330800 735,700 300.000 120,000 33,00 33,000 114,00 Arcade CV Care On The DVD 0 2. Estimate the actorul counts, based on the aging of recht schon 4. Assume that the word counts to wg Creation as a creat balance of $3,000 fermentoncert 3, 2017. Journace the store on ottenere Dec 31 88 5. Athari) want, when the by the forest te nderstated by e) de varstated benderar and womentated Inno mesto on the ty Ang Reces Estimating for Docents Wig Creations Company supplies wigs and care products to buty salons throughout Texas and the Sout. The accounts receivable derfor go prepared the following portal completed aging of receives release the end of times on December 31, 2017 Not Days Past Due Past Customer Balance Due 1-30 31-60 61-90 91-120 Over 120 ABC Boty 21,000 21.000 Angus wigs 7.000 7.000 Zodiac 4100 4,100 Subtus 1.130,000 755,700 300,000 120,000 2.400 14,200 The towing only on the whole da for the current for which is in the year Customer Due Date Balance Archety Auss 35,00 Chwiege Oct 30 5,300 Har bitte 3,500 Chart 7.100 On 2300 100 Viena Hy www tapter Exercises & Problems ebook Printem Wig Creations has a past history of uncollectible accounts toy age category, as follows: Percent Age Class Uncollectible Not post du 1-30 days past due 2 31-50 days past due 22 61-90 days past du 32 91-120 days past due Over 120 post due 76 Required: 1. bermine the number of days paste for each of the preceding accounts if an account not post Customer Due Date Aug 17 Oct 30 Number of Days Past Du days dan Acade Beauty Crema Roel Hair Products F C July Septe Images ay Oh That H 10 dy ber One Stop De Vision Non day day C 2. Complete the aging of the lyhemists the bottom of the night at booty Wig Creations Company Aging of Mace Schedule December 31, 2017 Not Past Days Past Dave Past Days Past Days Past Days Past Balance Customer Du 1-30 Du 31-60 Due 61-10 D1-130 Due Over 130 ABCD 21.000 21,000 Angel 7.000 7.900 100 4,100 Su 1.350.000 755,700 300,000 128,900 3.100 23.000 4200 Arcade Beauty Cretages Ex Products FC Care On That One stepen Voor het Tuta Percent titia Oh My Woch One Step Hor Designs Vision Tot Percent collectie Estimate of uncollectie 3. Estimate the one for the theatre che 4. Assume that the counts for Creations 5,000 women on Deber,2017 unter www amount boxes and it Dec 11 88 Authut they want me when she and on the sheet beste for de andere tydligere hopen weerstand Matement Check My Wu Chow Awwww

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting (Chapters 1-17)

Authors: John Wild

25th Edition

1260780147, 9781260780147

More Books

Students also viewed these Accounting questions

Question

LO6Outline steps for creating a performance improvement plan.

Answered: 1 week ago