1. Determine the number of days past due for each of the accounts below. If an account is not past due, enter a zoro. ints for Trophy Fish Company has a debit balance of $3,200 betore adjustment on December 31 . Joumalize the adjusting ctible accounts by age category, as follows: ast due for each of the preceding accounts. If an account is not past due, enter a zero. es schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. tful accounts, based on the aging of receivables schedule. oubtful accounts for Trophy Fish Company has a debit balance of \$3,200 before adjustment on December 31 . uncollectible accounts. in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? Trophy Fish has a past history of uncollectible accounts by age category, as follows: 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zerc 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updati 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. 4. Assume that the allowance for doubtful accounts for Trophy Fish Company has a debit balance of $3,200 before adjus Joumalize the adjusting entry for uncollectible accounts. 5. Assuming that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet a fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable ving partially completed aging of receivables schedule as of the end of business on December 31,20Y4: schedule and updating the fotals. ASSETS REVENUE 110 Cash 410 Snles 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable-Adams Sports \& Filos 122 Accounts Receivable-Blue Dun Flins EXPENSES 123 Accounts Recevablo-Cicada Fish Co. 510 Cost of Goods Sold 124 Accounts Rocoivable-Deschutes Sports 520 Sales Salaries Expense 125 Accounts Receivable-Green River Sports 521 Advertising Exponse 126. Accounts Receivable-Smith River Co 522 Depreciation Expense-Store Equipment 127 Accounts Receivable-Western Trout Company 523 Delivery Expense 128 Accounts Receivable+Wolfe Sports 524 Repairs Expense 129 Allowance for Doubfful Accounts 529 Selling Expenses 131 Interest Receivable 530 Office Salaries Expense 132 Notes Recelvable 531 Rent Expense 141 Merchandise Inventory 532 Depreciation Expense-Office Equipment 145 Office Supplies 533 insurance Expense 146 Store Supplies 534 Ottice Supplies Expenso 151 Prepaid Insurance 535 Store Supplies Expense 181 Land 536 Credit Card Expense. 191 Store Equipment 537 Cash Short and Over 192 Accumulated Depreciation-Store Equipment 538 Bad Debt Expense 193 Office Equipment 539 Miscellaneous Expense 194 Accumulated Depreciation-Office Equipment 710 Interest Expense LIABILITES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock. 311 Retained Earnings 312 Dividends 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the Additional Instruction 3. Estimate the alowance for doubdul accounts, based on the aging of recewables schedule. Feodback. Goneral Joumal Shaded cels hawe fectasck. 4. Assume that the allowance for doubdul accounts for Trophy Fish Company has a debir balance of $3,200 bofore adjustrien enty for uncolloctble accounts General Joumal instructions Question not attempted. Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United St: clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on D The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year e: is due in the next year
