Aging of receivables; estimating allowance for doubtful accounts Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31,20Y : Wig Creations has a past history of uncollectible accounts by age category, as follows: Required: 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Wig Creations Company Aging of Receivables Schedule 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. x accounts. If an amount box does not require an entry, leave it blank. Dec. 31 5. Assuming 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 addition, the stockholders' equity (retained earnings) would be by $ by $ on the income statement. because the allowance for doubtful accounts would be by $ because bad debt expense would be because bad debt expense would be by and net income