pr 9-2b accounting

llwance account after the adjustment of December 31. c. Expected net realizable value of the accounts receivable as of December 31 PR 9-2B Aging of receivables; estimating allowance for doubtful accounts Wig Creations Company supplies wigs and hair care products to repared the OBJ. 4 Texas and the Southwest. The accounts following partially completed aging of receivables schedule as of t December 31, 201 receivable clerk for Wig Creations prepared the Not Past Days Past Due Customer Balance Due 1-30 31-60 61-90 91-120 Over 120 4 ABC Beauty 5 Angel Wigs 15,000 15,000 8,000 8,000 30 Zodiac Beauty 31 Subtotals 3,000 875,000 415,000 210,000 112,000 55,000 18,000 65,000 3,000 The following accounts were unintentionally omitted from the aging schedule: Customer Arcade Beauty Creative lmages Excel Hair Products First Class Hair Care Golden Images Oh That Hair One Stop Hair Designs isions Hair & Nail Due Date Aug. 17, 2015 Oct. 30, 2015 July 3, 2015 Sept. 8, 2015 Nov. 23, 2015 Nov. 29, 2015 Dec. 7, 2015 Jan. 11, 2016 Balance $10,000 8,500 7,500 6,600 3,600 1,400 4,000 9,000 Wig Creations has a past history of uncollectible accounts by age category, as follows: Percent Uncollectible Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due 19% 16 25 40 80 Instructions 1. Determine the number of days past due for each of the preceding accounts. 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. Continued)