2156 PR 08-2A Inert w Ruge Layout formulas Data vw View Share Once Upon to up-to-date with security ans, es, and morovamente, come neck for pures Check for updates on . P . u A w 2 w ckground probandcare 11 15 Pas Due Castor Are Spot the De Das Boot Gaw ero Maya D 20 Out 21 22 24 25 Age DIY Nola De 12 . MA Erman Toys 18 753 DO 1 . 330 . 10 8.00 400 RADO DO Terry OVE or 008 OF 47 11 215_PR 08-24 Inert bruge Layout Formula Data vw View Share D Check for updates Once Upon to up-to-date with security ans, es, and morovamente, come neck for pures UK2 L M . u v w 2 Datu Do Gars www W Tray 848 400 7.000 2.400 4.400 54 11.4. AT 30 14 30 2 One Du er her a PR 8-2A Aging of receivables; estimating allowance for doubtful accounts Obj. 4 Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business ein December 31, 2014 COLEILIGH DaysPoste Paw Over G- 20.000000 7.500 7.500 MAO Brown To Fly Shop 30 Zgoroh Adventures 11 Sub 4000 30 1.300.000 750.000 2900 120.000 40.000 20.000 80,000 2100 The following accounts were unintentionally cruited from the aging schedule. Assume all due dates are for the current year except for Wolfe Sports, which is due in the next year. Customer Due Date Balance Adams Sports & Fles 22 35.000 Blue Dunes O. 10 4900 Cicada Fish Co Sept 23 Dechtes Sports 7.000 Green River Sports 3.500 Smith herco 2:00 Western Trout Company Dec 7 100 Wolfe Sports 20 2.100 Trophy Fish has a past history of uncollectible accounts by age category, as follows: Age Class Percent Uncollectible Not paste 1-30 days paste 31-60 day pastu 61.90 days past 388N Over 120 days beste Instructions 1. Determine the number of days past due for each of the preceding accounts. 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals 3. Estimate the allowance for doubtful accounts, based on the age of receivables schedule: Check Figure: $121,000 4. Assume that the allowance for doubtful accounts for Trophy Fish company has a debit balance of $3,600 Lwfore adjustment on December 31. joumalize the adjusting entry for uncollectible accounts: Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? 5