Aging of Receivables stating Allowance for Dout Accounts Trophy Fish Company supplies Nie wdflahing gear products to sporting Goods stores and others throughout the western United States. The accounts receivablecer for Trophy Fish propered the following pa completed aging of receivables schedule as of the end of business on December 31, 2017 Not Days Past Due Past Customer Balance Due 1-30 31-60 61-90 91-120 Over 120 AAA Outfitters 19,300 19,300 Brown Trout Fly Shop 7,400 7,400 18,200 34,400 Zig Fish Adventures 4,300 4.300 Subtotais 1.291,400 748,000 285,900 116.700 The following accounts were unintentionally omitted from the aging schedule Customer Due Date Balance Adans Sports and Flies May 22 $4,700 Blue Du Ples Oct 10 4,400 cada Fish Co. Sept. 20 11,900 Deschtes Sports Oct, 20 6,800 Gees ver Sports Nov. 7 3,300 Smith River Co Nov. 28 2.900 Western Trout Company Dec. 7 7,300 Wole Sports Jan. 20 Trophy Fish as a past history of uncollect accounts by age category, as follows: 4.800 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Customer Due Date Number of Days Past Due May 22 Oct. 10 Adams Sports and Flies Blue Dun Flies Cicada Fish Co. Deschutes Sports Green River Sports days days days Sept. 29 Oct. 20 days Nov. 7 days days Smith River Co. Nov. 28 Western Trout Company Dec. 7 days Wolfe Sports Jan. 20 days 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry leave it bank Trophy Fish Company Aging of Receivables Schedule December 31, 2017 Customer Balance Not Past Due Days Past Due 1:30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due 91-120 Days Past Dun Over 120 AAA Outfitters 19,300 19,300 Brown Trout Fly Shop 7,400 7.400 4300 4300 zigs Fish Adventures Subtotals Adams Sports and Flies 1,291,400 748,000 285,900 116,700 38.200 18,200 14.400 Blue Dunes Cicada Fish Co. Deschutes Sports Green River Sports Smith River Co Western Trout Company Wolfe Sports Totals Percent uncollectible (9) Estimate of uncollectible accounts 3. Estimate the towance for doubtful accounts, based on the aging of receivables chedule 4. Masume that the lowance for oubtful accounts for Trophy Phoebeance et 13,700 austment on December 31, 2017. Jumlow the adjustment for colectie accounts Dec. 31 DY 5. Assume that the adjusting entry in (4) was advertently omitted, how would the mission at the balance sheet and income statement? On the balance sheet assets would be because the lowance for doubtful counts would be (retained earings) would be by because bad debt expense would be and not come Indition, the stockholders on the income A Estimating Arowance for Douth Accounts Trophy Fan Company polis men and hung our products to sporting Goods storms and caters throughout the western United States. The accounts recente bere ne Trophy Poprad the owner completed aging of receivables schedules of the end of business on December 31, 2017 Not Days Past Due Past Customer Balance Due 1-30 31-60 61-90 MOutfitters 19,300 19,300 Brown Trout Fly Shop 7,400 7,400 91-120 Over 120 Zig Fish Adventures 4,300 4,300 1,291,400 Subtotals 748,000 285,900 116,700 38.200 18.200 84,400 The following accounts were unintentionally omitted from the aging schedule: Customer Due Date Balance Adams Sports and Flies May 22 Blue Dun Flies $4,700 4,400 Oct. 10 Cicada Fish Co. Sept. 29 8,900 Deschutes Sports Oct. 20 6,800 Green River Sports Nov. 7 3,300 Smith River Co. Nov. 28 2,900 Western Trout Company Dec. 7 7,300 Wolfe Sports Jan. 20 4,800 Trophy Fish has a past history of uncollectible accounts by age category, as follows: 1 % 3 Trophy Fish has a past history of uncollectible accounts by age category, as follows: Percent Age Class Uncollectible Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due Required: 11 29 40 80 zero. 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter Customer Due Date Number of Days Past Due Adams Sports and Files May 22 days Blue Dun Flies days Cicada Fish Co. Sept. 29 days Oct. 10 Deschutes Sports Oct. 20 days Green River Sports Nov. 7 days Smit River Co. Nov. 28 days Western Trout Company Dec. 7 days Wolfe Sports Jan. 20 days 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not requirementry, Save it blank Trophy Company Aging of Receivables Schedule December 31, 2017 Customer Balance Not Past Du Days Past Due 1:30 Days Past Du 31-60 Days Past Du 61.90 Days Past Due 91-120 Days Pas Dur Over 120 M Outfitters 19,300 19,300 Brown Trout Fly Shop 7.400 7.400 4300 4300 205,000 1.291,400 748,000 116,700 1,200 54,400 18,200 Zige Fish Adventures Subtotals Adam Sports and pres Dun Flies Cicada Fish Co Deschules Sports Green River Sports Smith River Co Western Trout Company Wolfe Sports Totals * Percent uncollectible() Estimate of uncollectible accounts 3. Estimate the lowance for doubt onts, based on the aging of rechedule 4. Asume that the allowance for de counts for Trophy has acreditace of 53,700 before attent on December 31, 2017 Jours the went for unclectible con Dec 31 5. Assume that the adjusting entry in (a) was inadvertelty omitted, how would the mission afect the basic wheet and income statement? On the balance sheet, ass woolde by because we for doubt accounts would be retained carings would be by because bad debt expense would be and net income by Into the stock dersey come statement tys