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Wig Creations supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the
Wig Creations 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, 20Y7: Customer ABC Beauty Angel Wigs Zodiac Beauty Subtotals Customer Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Balance Golden Images Oh That Hair 20,600 7,700 One Stop Hair Designs Visions Hair & Nail Not Past Due 20,600 755,700 4,200 1,309,000 280,300 129,000 40,100 23,100 80,800 The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Visions Hair & Nail, which is due in the next year. Due Date August 17 October 30 July 3 September 8 November 23 November 29 December 7 January 11 Days Past Due 1-30 Check My Work 3 more Check My Work uses remaining. 4,200 Balance Days Past Due 31-60, $4,900 5,200 8,500 6,900 3,600 1,900 7,200 4,100 7,700 Days Past Due 61-90 Days Past Due 91-120 Days Past Due Over 120 Next
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