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Aging of Receivables; Estimating Allowance for Doubtful Accounts receivables schedule as of the end of business on December 31, 20Y1: The following accounts were unintentionally

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Aging of Receivables; Estimating Allowance for Doubtful Accounts receivables schedule as of the end of business on December 31, 20Y1: The following accounts were unintentionally omitted from the aging schedule: Wig Creations has a past history of uncollectible accounts by age category, as follows: 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. $ does not require an entry, leave it blank. 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? On the balance sheet, assets would be owner's capital account would be the income statement. by by because the allowance for doubtful accounts would be because bad debt expense would be by and net income . In addition, the by on 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Aging of Receivables; Estimating Allowance for Doubtful Accounts receivables schedule as of the end of business on December 31, 20Y1: The following accounts were unintentionally omitted from the aging schedule: Wig Creations has a past history of uncollectible accounts by age category, as follows: 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. $ does not require an entry, leave it blank. 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? On the balance sheet, assets would be owner's capital account would be the income statement. by by because the allowance for doubtful accounts would be because bad debt expense would be by and net income . In addition, the by on 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero

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