Aging of Receivables; Estimating Allowance for Doubtful Accounts 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: 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. e Wig Creations Company Aging of Receivables Schedule December 31, 20Y7 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. $ Dec. 31 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 by because the allowance for doubtful accounts would be by f . In addition, the stockholders' equity (retained earnings) would be by because bad debt expense would be and net income by on the income statement