1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Feedback Check My Work Count the number of days after the 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. Feedback Check My Work Add the accounts into the aging schedule based on their number of days past due. Apply the respective uncollectible percentage to the total receivables in each days past due group and the not past due group. 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. amount box does not require an entry, leave it blank. Dec. 31 Feedback Check My Work The amount of bad debt expense is affected by the balance in the allowance account. On the balance sheet, assets would be equity (retained earnings) would be statement. by because the allowance for doubtful accounts would be by $ because bad debt expense would be by $ and net income . In addition, the stockholders' by $ on the income Aging of receivables; estimating allowance for doubtful accounts aging of receivables schedule as of the end of business on December 31, 20Y7: Wig Creations has a past history of uncollectible accounts by age category, as follows