Wig Creations Company supplies wigs and hair care products to besuty salons throughout Feras and the Southwest. The accounts receivable clerk for Wig creations prepared the following partially completed aging of recalvables gehedule as of the end of bushess on Decemberi 31,2017 : The following decounts were unintentonally omited from the jging schedule. Assume all due dates are for the current year except for Vigions Hair 8 Nail, which is due in the nuxt year? Wig creations has a past history of unicaliectible accounte by age category, as follows: Over 120 days past-due 77 Required: duse, merter a zero: \begin{tabular}{lll} Customer & Due Date & Number of Days Past Due \\ \hline Arcade Beauty & August 17 & days \\ Creative Images: & October 30 & days \\ Excel Hair Products & July 3 & days \\ First Class Hair Care & September 8 & days \\ Golden Images & November 23 & days \\ Oh That Hair & November 29 & days \\ One Stop Hair Designs December 7 & days \\ Visions Hair 8 Nail & January 11 & days \end{tabular} 2. Complete the aging of recelvables schedule by adding the omitred accoints to the bottom of the schigdule and updating the totals. If aniambunt bbe does not cequire an entry leare lit blank. Wig Creations Company Aging of Receivables Schedule Arcade Beauty creative images. Excel Hair products 3. Estimate the allowance for doubtfuliaccounts, baged on the aging of receivables schedule: 4. Assume that the allowance for doubtful accounts for Wig Creatigos has a credit balance of s4,800. betone adjustment on December 31, 20r7. gournalize the abjustinent for uncollectiblt accounts, If an amount box does not require an entry, leave it blank- Dec. 31 5. Assuming thet the adflsting entry in (4) was inasvertently omitted, how would the omosion atfect the batance sheet and income statement? On the balance sthet, cosscots would be by s becedse the allowance for doubtful accounts would be In adition, the stockholders' equity (retained eamings) would be because bad debt erpense woulob be an the insame statement