Instructions Trophy Fish Company supplies Ties and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable cerk for Trophy Fin prepared the towe Dirtudy completed aging of receivables schedule as of the end of business on December 31, zove. 1 Net Days Pastor Days Past Due Days Pest Due Days Past Due Dan Past Due 1 1.30 31-60 91-120 Over 120 Customer MM Outfit Brown Prouty Shop Balance 70.700.00 1 20.700.00 000.00 2.000.00 ZsFish Adventures 4.100.00 410000 Subtotal 1.501.500 DO 74.300.00 297.300.00 117,000.00 1270000 28.800.00 29.400.00 The following accounts were unintentionally omitted from the aging schedule: Balance Customer Adams Sports & Flies Due Date May 22, 2046 $4,900 Oct 10, 2016 5,200 Sept 29, 2016 8,900 Blue Dun Flies Cicada Fish Co. Deschutes Sports Green River Sports Oct 20, 2016 6,600 Nov 7, 2016 3,800 Smith River Co 2.000 Western Trout Company Nov 28, 2016 Dec 7, 2016 Jan 20, 2017 6,400 Wolfe Sports 4,400 Trophy Fish has a past history of uncollectible accounts by age category, as follows Age Class Percent Uncollectible 196 3 10 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 29 41 79 ook 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 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule 4. Assume that the allowance for doubtful accounts for Trophy Fish Company has a debit balance of 54.700 before adjustment on December 31, 2046 Journalize the adjusting entry for uncollectible accounts Refer to the chart of accounts for a listing of the account titles the company uses 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? Starting Question 1 Determine the number of days past due for each of the preceding accounts. If an account is not post due, enter a zero Number of Days Past Due Customer Adams Sports & Flies days Due Date May 22 2076 Od 10, 2046 Sept 29, 2016 Blue Dun Flies days days Cicada Fish Co Deschutes Sports Oct 20, 2040 days Green River Sports Nov. 7. 2016 days Smith River Co Nov 28, 2010 days Check My Work 3 more Check My Work uses remaining Email Instructor Save All work saved eBook 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 Adams Sports & Flies days May 22, 2076 Od 10, 2016 Blue Dun Flies days Cicada Fish Co Sept. 29, 20Y6 days Deschutes Sports Oct 20, 2016 days Green River Sports Nov 7, 2016 days Smith River Co Nov 28, 2016 days days Western Trout Company Dec 7 2046 Wolfe Sports Jan 20, 2017 days Aging of Receivablos Schedule 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. Il an amount Aging of Receivables Schedule Maranh 12V Check My Work 3 more Check My Work uses remaining December 31, 2016 Days Past Due Days Past Due 1-30 31-60 Days Pest Due 61-90 Days Past Due 91-120 Customer Duys Past Du Over 1.20 Balance 20,700.00 200.00 Not Past Due 20.700.00 AAA own lot Fly Shop 3.000.00 4,100.00 4.000.00 1,304500.00 748,500.00 297,300.00 117.000.00 38.700.00 28.500.00 79,400.00 Zig Fish Adventures Subtitles Adams Sports & Flies Blue Dune Cod Fish Co Deschtes Sports 1 11 11 Smith River 14 Western rout Company Wolde Sport 11 Pero collectible Estimate of collectible accounts 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule