Required: 1. Determine the number of days past due for each of the preceding accounts. If an account is not post 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 53,600 before adjustment on December 31, 20Y6 Journalize the adjusting entry for uncollectible accounts. Refer to the chart of accounts for the exact wording of the account titles. CNOW journais do not use lines for journal explanations Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a great entry when a credit amount is entered 5. Assuming that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? Chart of Accounts Trophy Fish Company General Ledger REVENUE 410 Sales 810 Interest Revenue ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable-Adams Sports & Flies 122 Accounts Receivable-Blue Dun Flies 123 Accounts Receivable-Cicada Fish Co. 124 Accounts Receivable-Deschutes Sports 125 Accounts Receivable-Green River Sports 128 Accounts Receivable-Smith River Co. 127 Accounts Receivable-Western Trout Company 128 Accounts Receivable-Wolfe Sports 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 148 Store Supplies 151 Prepaid insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Devery Expense 524 Repairs Expense 529 Selling Expenses 530 Ofice Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 538 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Owner, Capital 311 Owner. Drawing Aging of Receivables Schedule 2 Complete the aging of recevables schedule by adding the midscounts to the bottom of the schedule and updating the foals an amount bor does not require an entry leave blank Aging of Receivables Schedule December 31, 2018 Day Port Dar Meeste 20.000.00 Day Post 31-60 Day Part 61-90 Days Pat Du 91-120 Days Poste Over 120 1 Motos Booty Balan 20,000.00 2,500.00 2.500.00 - - 1 Advere 400000 1.300.000 4,000.00 290,000.00 750,000.00 120.000.00 40,000.00 10,00000 Asens Sports & Fies Blue Dunes 13 Cadena Descrutes Sort u Green River Sports Snith River CO 34 Westen fout Company u Wole Sports TO 2 Percentage collectible Estimate of colleable accounts Marma First Question 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 May 22 200 days Blue Dun Flies Oct. 10. 2048 days Cicada Fish Co Sept. 29, 20Y8 days Deschutes Sports Oct 20, 20Y6 days Green River Sports Nov. 7. 2016 days Smith River Co. Nov. 28, 2016 days Western Trout Company Dec. 7. 2046 days Wolfe Sports Jan 20, 2017 days DaysPote Dwu Daybe -230 Ow 000 The following conden hede Custom Due De Ban Alans for May 22, 2016 11.000 uur 03.07 4.000 Case Sept 20, 2016 1400 Death Oct 21 301 2.000 Orere NO 3.000 2.400 Were Toy De 1.000 Jan 20, 2017 V 10 Troyeshwyt underbyggery to Age Case Pesante pa 19 1-30 2 1140 10 th 30 15.30 40 120 Additional Question 3. Estimate the allowance for doubtful accounts based on the aging of receivables schedule s Required: 1. Determine the number of days past due for each of the preceding accounts. If an account is not post 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 53,600 before adjustment on December 31, 20Y6 Journalize the adjusting entry for uncollectible accounts. Refer to the chart of accounts for the exact wording of the account titles. CNOW journais do not use lines for journal explanations Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a great entry when a credit amount is entered 5. Assuming that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? Chart of Accounts Trophy Fish Company General Ledger REVENUE 410 Sales 810 Interest Revenue ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable-Adams Sports & Flies 122 Accounts Receivable-Blue Dun Flies 123 Accounts Receivable-Cicada Fish Co. 124 Accounts Receivable-Deschutes Sports 125 Accounts Receivable-Green River Sports 128 Accounts Receivable-Smith River Co. 127 Accounts Receivable-Western Trout Company 128 Accounts Receivable-Wolfe Sports 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 148 Store Supplies 151 Prepaid insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Devery Expense 524 Repairs Expense 529 Selling Expenses 530 Ofice Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 538 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Owner, Capital 311 Owner. Drawing Aging of Receivables Schedule 2 Complete the aging of recevables schedule by adding the midscounts to the bottom of the schedule and updating the foals an amount bor does not require an entry leave blank Aging of Receivables Schedule December 31, 2018 Day Port Dar Meeste 20.000.00 Day Post 31-60 Day Part 61-90 Days Pat Du 91-120 Days Poste Over 120 1 Motos Booty Balan 20,000.00 2,500.00 2.500.00 - - 1 Advere 400000 1.300.000 4,000.00 290,000.00 750,000.00 120.000.00 40,000.00 10,00000 Asens Sports & Fies Blue Dunes 13 Cadena Descrutes Sort u Green River Sports Snith River CO 34 Westen fout Company u Wole Sports TO 2 Percentage collectible Estimate of colleable accounts Marma First Question 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 May 22 200 days Blue Dun Flies Oct. 10. 2048 days Cicada Fish Co Sept. 29, 20Y8 days Deschutes Sports Oct 20, 20Y6 days Green River Sports Nov. 7. 2016 days Smith River Co. Nov. 28, 2016 days Western Trout Company Dec. 7. 2046 days Wolfe Sports Jan 20, 2017 days DaysPote Dwu Daybe -230 Ow 000 The following conden hede Custom Due De Ban Alans for May 22, 2016 11.000 uur 03.07 4.000 Case Sept 20, 2016 1400 Death Oct 21 301 2.000 Orere NO 3.000 2.400 Were Toy De 1.000 Jan 20, 2017 V 10 Troyeshwyt underbyggery to Age Case Pesante pa 19 1-30 2 1140 10 th 30 15.30 40 120 Additional Question 3. Estimate the allowance for doubtful accounts based on the aging of receivables schedule s