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Aging of receivables estimating allowance for doubtful accounts Instructions Chart of Accounts Starting Question Aging of Receivables Schedule Additional Question Instructions Trophy Fish Company supplies les and freshing go to sporting goods stories and others toughout the westem United States. The main for Trophy Full prepared the following partially completed aging receivables schedules of the end of tune on December 1, 2014 Dan Past Due Duy Pht t Days Put Out Dar Post Du Days Past Due Hot Pil Due 70.50000 1.30 31-60 61.90 91-130 Over 120 Gustomer MA Duften Truly Balance 20.500,00 W.00.00 7.600.00 Zig Tith Atores 900.00 3.900.00 1819.10000 Schals 7520000 299,000.00 129.000 6.900.00 120000 20080 ChMy W Pro Instructions The following accounts were intentionally amitted from the agung schedule Assume a due dates are for the current yw except for Wolte Sports, which toe in the next Due Date May 22 Oct 10 Customer Mans Sports & Flies Bu DunFlies Cada Fish Co Deschtes Sports Green River Sports Smith Rives Co Western Trout Company Wolfe Sports Balance $4.000 4.700 8.600 7000 Sept 20 Od 20 Nov 3.500 2.200 Nov 28 Dec 7 Jan 20 6.900 4200 Trophy Fishi has a past history of uncollectele accounts by Category, as follow Age Class Not past 1-30 days past Percent Uncollectible 15 2 31-00 days past due 12 Check My Work Previous instructions Chart of Accounts Starting Question Aging of Receivables Schedule Additional Question instructions Wole Sports Jan 20 4200 Trophy Fosh has a past history of uncollectie accounts by age category as follows Age Class Percent Uncollectible Not past due 19 1-30 days past due 2 31.60 days past due 12 61-60 days pastor 28 91-120 days past de 41 Over 120 days past due 84 1 Determine the number of days past due for each of the preceding accounts an account is not post due evite a no 2 Complete me aging of receivables schedule by adding the med accounts to the bottom of the schedule and updating the total 3. Estimate the alowance for doute con based on me aging of receivable schedule 4 Assume that the allowance for double accounts for Trogly Fish Company has a debit balance of 53 500 before acustin on December Jonate the adjusting entry for uncollectible accounts Refer to the Chart of Accounts for exact wording of accounts 5. Assume that the adjusting entry in (4) was advertenty omitted, now would the mission affect the balance sheet and come sent Previous Instruction Chart of Account Starting Question Aging of Receivables Schedule Add Quo Instructions Starting Question THE 1 Delmine the number of days past due for each of the accounts low and countinopas Customer Due Date Number of Days Past Due Adam Sports & Fles May 22, 2014 days Hile Dun Flies Oct 10, 2014 days Cicada Fish Co Sept. 28, 2014 days Deschutes Sports Oct 20, 2014 davys Green Rover Sports Nov 7. 2014 days Smith River Co Nov 28, 2014 days Western Trout Company Dec. 7. 2014 days Wolle Sports Jan 20, 2015 Previous Tratam Chart of Accounts Starting Question Aging of Receivables Schedule Additional son Aging of Receivables Schedule 2. Comparte e aging of receben schedule by accup e omitind account to the bottom of the schedule an updan amount or does not go w wybore Aging of eve Schedule December 2014 Days Post Due Days Paste 31-60 By Paste Days Post Duk 61-0 Dap Pastor 91-130