partially completed aging of receivables schedule as of the end of business on December 31, 20Y7: Wig Creations has a past history of uncollectible accounts by age category, as follows: blank. Wig Creations Company Aging of Receivables Schedule December 31, 20Y7 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 by $ because the allowance for doubtful accounts would be by $ . In addition, the stockholders' equity (retained earnings) would be by $ because bad debt expense would be ? and net income by on the income statement. 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. \begin{tabular}{lll} Customer & \multicolumn{1}{c}{ Due Date } & Number of Days Past Due \\ \hline Arcade Beauty & August 17 & \\ Creative Images & October 30 & \\ Excel Hair Products & July 3 & days \\ First Class Hair Care & September 8 & \\ Golden Images & November 23 & \\ Oh That Hair & November 29 & \\ One Stop Hair Designs & December 7 & \\ Visions Hair \& Nail & January 11 & \end{tabular} 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. partially completed aging of receivables schedule as of the end of business on December 31, 20Y7: Wig Creations has a past history of uncollectible accounts by age category, as follows: blank. Wig Creations Company Aging of Receivables Schedule December 31, 20Y7 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 by $ because the allowance for doubtful accounts would be by $ . In addition, the stockholders' equity (retained earnings) would be by $ because bad debt expense would be ? and net income by on the income statement. 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. \begin{tabular}{lll} Customer & \multicolumn{1}{c}{ Due Date } & Number of Days Past Due \\ \hline Arcade Beauty & August 17 & \\ Creative Images & October 30 & \\ Excel Hair Products & July 3 & days \\ First Class Hair Care & September 8 & \\ Golden Images & November 23 & \\ Oh That Hair & November 29 & \\ One Stop Hair Designs & December 7 & \\ Visions Hair \& Nail & January 11 & \end{tabular} 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