Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and…

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, 20Y1: Days Past Due Customer Balance Not Past Due 1-30 31-60 61-90 91-120 over 120 Subtotals 700,500 388,800 168,100 77,100 25,900 23,100 17,500

The following accounts were unintentionally omitted from the aging schedule: Customer Due Date Balance Arcade Beauty May 28, 20Y1 $2,900 Creative Images Sept. 7, 20Y1 6,100 Excel Hair Products Oct. 17, 20Y1 800 First Class Hair Care Oct. 24, 20Y1 2,000 Golden Images Nov. 23, 20Y1 700 Oh The Hair Nov. 29, 20Y1 3,500 One Stop Hair Designs Dec. 2, 20Y1 2,200 Visions Hair and Nail Jan. 5, 20Y2 7,400

Wig Creations has a past history of uncollectible accounts by age category, as follows:

"Is this question part of your assignment? We can help"

ORDER NOW