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Wig Creations has a past history of uncollectible accounts by age category, as follows: Aging of recelvables; estimating allowance for doubtful accounts Wha Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest, The accounts recaivabie clerk for Wig Creations prepared the following partialiy completed aging of receivaties schedule as of the end of tusiness on Dectember 31,207. 3. Estimate the aliowance for doubtful accounts, based on the aging of recelvabies schedule. Add the accounts into the aging schedule based on their number of days post due. Apolv the respective uncoliectible percentage to the total recelvables in each days past due group and the not past due group. 4. Astume that the allowance for doubtful occounts for Wig Creations has a credit balance of $3,400 before adjustment on December 31 , 20 r7. Journalize the adjustment for uncolectible accounts, If an amount box does not require an entry, leave it blank. rcheck My Wok The amount of bad debt expense is affected by the balance in the allowance account: 2. Complete the aging of recevables 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 December 31, 20Y7 r Cleat Mr Work Count the number of days after tha due date up to December 31. Do not include the due date in your count, Remember that not all months have an equal number of days

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