wydion Caching and Crew Ging Chapter 8 Exercises & Problems Printem ging of Itecevables Estimating Alowance for Doubtful Accounts We Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable derk for wie Creations prepared the following sarily completed aging of receivables schedule as of the end of business on December 31, 2017 Not Days Past Due Past Customer Balance Due 1-30 31-60 61.90 91-120 Over 120 ABC Buty 19.500 19,500 Angel Wigs 7,600 7,600 Zoo Beauty 4,300 4,300 Subtotals 1,299,500 750,100 296,900 111,200 42.300 15,100 33,900 The following accounts were unintentionaly omitted from the aging senadule. Assume a ove dates are for the current year except for Viong Haral, which in den in the next year. Customer Due Date Balance Arcade Aug. 13 54.900 Creative Images Oct 30 5.000 Excel Products July 2 7.900 First Class Hair Care Sept. 8 7.100 Golden Images Nov. 23 3,500 On That Hal Nov. 20 2,400 One Stop Hair Designs Dec. 7 6,900 Vision Har Jan 11 3,900 Wig Creation has a pastery of uncollectible accounts by age category, as follows: Percent Po Printem CHORUS Age Class Percent Uncollectible 14 2 12 Not pasto 1-30 days past due 31-60 days past du 61-10 days past due 91-120 days paste Over 120 days past de Required 32 39 77 day 1. Determine the number of days at du for each of the preceding accounts. If an account is not to enter Customer Due Date Number of Days Past Due Arcade Beauty Aoghi Creative Images Oct 30 days Excel Hair Products July First Hair Care Sept. days Golden Images Nov. 23 days On That Hair Now 2 days One Stop Hair Designs Dec. 7 Visions Har 11 days days days 2. Complete the sing of receivables schedule by adding the omitted accounts to the bottom of the heading the total transmount box does not require wave than Wig Creations Company Aging of Receivables Schedule Chapter 3 Exercises & Problems C 2. Complete the aging of receivables heure by adding the midst the bottom of the schedule and dating the most be done not requirementy, we work Wig Creations Company Aging of Receivables Schedule December 31, 2017 Hot Past Days Past Days Past Days Past Days Past Days Past Customer Balance Due Due 1-30 D31-60 Due 61-90 e91-120 De Over 120 ABC Beauty 19.500 19.500 Angel Wios 2.000 7,600 Zodiac Beauty 4,100 4,300 Butto 1.299.500 750,100 296.900 151,200 42.300 15.100 Acade Beauty Creatives Excel HT Products First ass Hair Care And Golden Images Em Tr V One Stop Design Vi har se metom Percent elect) Estime colectie con 3. Etthew Fordon, based on the wing of recebis schedule 3. Estimate the allowance for our accounts, based on the aging of receivables schedule 4. Assume that the lowance for dutiful accounts for Wig Creations has a credit balance of 4.900 before went on December 31, 2017 Journaizeneant for collectible can does not require an entry, we it blank Dec. 31 BB 5. Assume that the song entry in (4) was intently on how would the mission affect the balance shee and income statement On the balance sheets world be by because the lowance for double accounts would be retained eangs) would be hy because bad debt would be and net income In addition, the secrets estest by Chic My Work more Check My Women Asian Score 1.07% Savond Submit