Days Past Due 61-90 91-120 Customer Balance Not Past Due 1-30 31-60 over 120 Subtotals 716,800 397,900 172.000 78,800 26,500 23,700 17,900 The following accounts were unintentionally omitted from the aging schedule: Customer Due Date Balance Arcade Beauty May 28, 2011 $3,000 Creative Images Sept. 7, 2011 6,400 Excel Hair Products Oct. 17, 2011 , 900 First Class Hair Care Oct. 24, 2013 2.100 Golden Images Nov. 23, 2011 700 Oh The Hair Nov. 29, 2011 3,700 One Stop Hair Designs Dec. 2, 2011 2,300 Visions Hair and Nail Jan. 5, 2012 7,800 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 3 10 15 61-90 days past due 91-120 days past due 35 Over 120 days past due 80 Required: 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 May 28, 2011 days Creative Images Sept. 7, 2011 days Excel Hair Products Oct. 17, 2011 , days First Class Hair Care Oct. 24, 2071 days Golden Images Nov. 23, 2011 , days Oh The Hair Nov. 29, 20Y1 days One Stop Hair Designs Dec. 2, 2011 days Visions Hair and Nail Jan. 5, 2012 5, 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, 2011 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 Subtotals 15,000 Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh The Hair One Stop Hair Designs 010 100000" Visions Hair and Nail mh'n Total Percent uncollectible 196 3% 10% % 15% 35% 80% Estimate of uncollectible accounts 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. 4. Assume that the allowance for doubtful accounts for Wig Creations has a credit balance of $1,530 before adjustment on December 31, 2011. Journalize the adjustment for uncollectible accounts. Days Past Due 61-90 91-120 Customer Balance Not Past Due 1-30 31-60 over 120 Subtotals 716,800 397,900 172.000 78,800 26,500 23,700 17,900 The following accounts were unintentionally omitted from the aging schedule: Customer Due Date Balance Arcade Beauty May 28, 2011 $3,000 Creative Images Sept. 7, 2011 6,400 Excel Hair Products Oct. 17, 2011 , 900 First Class Hair Care Oct. 24, 2013 2.100 Golden Images Nov. 23, 2011 700 Oh The Hair Nov. 29, 2011 3,700 One Stop Hair Designs Dec. 2, 2011 2,300 Visions Hair and Nail Jan. 5, 2012 7,800 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 3 10 15 61-90 days past due 91-120 days past due 35 Over 120 days past due 80 Required: 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 May 28, 2011 days Creative Images Sept. 7, 2011 days Excel Hair Products Oct. 17, 2011 , days First Class Hair Care Oct. 24, 2071 days Golden Images Nov. 23, 2011 , days Oh The Hair Nov. 29, 20Y1 days One Stop Hair Designs Dec. 2, 2011 days Visions Hair and Nail Jan. 5, 2012 5, 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, 2011 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 Subtotals 15,000 Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh The Hair One Stop Hair Designs 010 100000" Visions Hair and Nail mh'n Total Percent uncollectible 196 3% 10% % 15% 35% 80% Estimate of uncollectible accounts 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. 4. Assume that the allowance for doubtful accounts for Wig Creations has a credit balance of $1,530 before adjustment on December 31, 2011. Journalize the adjustment for uncollectible accounts