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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
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, 2015:
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Instructions 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, 2015: Days Past Due Days Past Due Days Past Due Days Past Due Days Past Due Customer 4ABC Beauty Angel Wigs Balance Not Past Due 1-30 31-60 61-90 91-120 Over 120 15,000.00 15,000.00 ,000.00 ,000.00 7Zodiac Beauty 000.00 000.00 ubtotals 875,000.00 15,000.00 210,000.00 112,000.00 55,000.00 18,000.00 55,000.00 The following accounts were unintentionally omitted from the aging schedule Due Date Aug. 17, 2015 Oct. 30, 2015 Customer Arcade Beauty Creative Images Excel Hair Products uly 3, 2015 First Class Hair Care Sept. 8, 2015 Golden Images Oh That Hair One Stop Hair Designs Dec. 7, 2015 Visions Hair & Nail Balance 10,000 8,500 7,500 6,600 3,600 1,400 4,000 9,000 Nov. 23, 2015 Nov. 29, 2015 Jan. 11, 2016Step by Step Solution
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