Wig Creations Company supplies wigs and hair care products to beauty salons theoughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partialy completed aging of recelvables schedule as of the end of business on December 31, 20Y1 Days Past Due Balance Not Past Due 1-30 31-60 61-90 91-120 over 120 783,800 435,000 188,100 86,200 29,000 25,900 19,600 The following accounts were unintentionally omitted from the aging schedule: Due Datte Arcade Beauty Creative Images Excel Hair Products Oct. 1 First Class Hair Care Oct 24, 20Y1 1,900 Golden Images Oh The Hair One Stop Hair Designs Dec. 2, 20Y1 2,100 Visions Hair and Nail an 5, 20Y26,900 Wig Creations has a past history of uncollectible accounts by age category, as follows: May 28, 20Y1 $2,700 Sept. 7, 20Y1 5,700 7, 20Y1 800 Nov. 23, 20Y1 600 Nov. 29, 20Y1 3,200 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 296 10 15 35 80 . Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Due Date Number of Days Past Due Arcade Beauty Creative Images Sept. 7, 20Y1 Excel Hair Products Oct. 17, 20Y1 First Class Hair Care Oct. 24, 20Y Golden Images Oh The Hai One Stop Hair Designs Dec. 2, 20Y1 Visions Hair and Nail Jan. 5, 20Y2 May 2B, 20Y1 days days days Now. 23, 20Y1 Now. 29, 20Y1 days days Count the number of days after the due date up to December 31. Do not indlude the due date in your count Remember that mot all months have an equal number of days Add the acoounts into the aging schedule based on their number of days past due Apply the respective uncollectible peroentage to the total receivables in each days past due group and the not past due group. The amount of bad debt experse is affected by the balance in the alowance account. Consider the effects of a contra asset not being reconded in terms of the balance sheet equation Consider the eflects of an expense not being reported in terms of the inoome equation. 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 Past Due Over 120 Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh The Hai One Stop Hair Designs Visions Hair and Nal Totals Percent uncollectible C%) Estimate of uncollecoble accounts