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D E G H F Daya Past Due Due 15.000 -30 31-4051- 2 91-120 Over 120 8.000 30 Zodiac Beauty 31 Subtotals 3.000 3.000 875,000
D E G H F Daya Past Due Due 15.000 -30 31-4051- 2 91-120 Over 120 8.000 30 Zodiac Beauty 31 Subtotals 3.000 3.000 875,000 415.000 210.000 112.000 55.000 18.000 65.000 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 Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh That Hair One Stop Hair Designs Hair Designs Visions Hair & Nail Due Date Aug. 17 Oct. 30 July 3 Sept. 8 Nov. 23 Nov. 29 Dec. 7 Jan. 11 Balance $10,000 8.500 7 ,500 6.500 3.600 4,000 9.000 Wig Creations has a past history of uncollectible accounts by age category, as follows: Age Class Percent Uncollectible Not past due 1-30 days past due 31-60 days past due 51-90 days past due 91-120 days past due On the balance sheet, the omission would cause: assets to be retained earnings to be On the income statement, the omission would cause expenses to be net income to be Pr. 8-2B D E G H F Daya Past Due Due 15.000 -30 31-4051- 2 91-120 Over 120 8.000 30 Zodiac Beauty 31 Subtotals 3.000 3.000 875,000 415.000 210.000 112.000 55.000 18.000 65.000 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 Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh That Hair One Stop Hair Designs Hair Designs Visions Hair & Nail Due Date Aug. 17 Oct. 30 July 3 Sept. 8 Nov. 23 Nov. 29 Dec. 7 Jan. 11 Balance $10,000 8.500 7 ,500 6.500 3.600 4,000 9.000 Wig Creations has a past history of uncollectible accounts by age category, as follows: Age Class Percent Uncollectible Not past due 1-30 days past due 31-60 days past due 51-90 days past due 91-120 days past due On the balance sheet, the omission would cause: assets to be retained earnings to be On the income statement, the omission would cause expenses to be net income to be Pr. 8-2B
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