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

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

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:

Tripti 05-Dec-2019

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