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need help on bottom half of blue graph and both green graphs napter 9 Receivables The following accounts were unintentionally omitted from the aging schedule:
need help on bottom half of blue graph and both green graphs napter 9 Receivables The following accounts were unintentionally omitted from the aging schedule: tred from the aging Customer Adams Sports & Flies Blue Dun Flies Cicada Fish Co. Deschutes Sports Green River Sports Smith River Co. Western Trout Company Wolfe Sports Due Date May 22, 2015 Oct. 10, 2015 Sept. 29, 2015 Oct. 20, 2015 Nov. 7, 2015 Nov. 28, 2015 Dec. 7,2015 Jan. 20, 2016 Balance $5,000 4,900 8,400 7,000 3,500 2,400 6,800 4,400 Trophy Fish has a past history of uncollectible accounts by age category, as follows: Age Class 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 Percent Uncollectible 196 2 10 30 40 80 Instructions 1. Determine the number of days past due for each of the preceding accounts. 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 $3,600 before adjustment on December 31, 2015. Journalize the adjusting entry for uncollectible accounts. 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omis- sion affect the balance sheet and income statement? 5.000 4.900 8,400 7,000 Blue Dun Fles Cicada Fish Co Deschutes Sports Green River Sports Smith River Co Westem Trout Company Wolfe Sports Totals Percent uncollectible Estimate of uncollectible accounts 4,900 8,400 7,000 3,500 2.400 6,800 4.400 $ 1,342.400 3,500 2.400 6.800 4.400 On the balance sheet, the mission would cause assets to be by owner's capital to bo by On the income statement, the omission would cauto: expenses to be by Det income to be by
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