Starting Question 1. Determine the number of days past due for each of the accounts below. If an account is not past due, enter a zero. Customer Due Date Number of Days Past Due Adams Sports & Flies May 22, 2014 days Blue Dun Flies Oct. 10, 20Y4 days Cicada Fish Co. Sept. 29, 2014 days Deschutes Sports Oct. 20, 20Y4 days Green River Sports Nov. 7, 20Y4 days Smith River Co. Nov. 28, 20Y4 days Western Trout Company Dec. 7, 20Y4 days Wolfe Sports Jan. 20, 20Y5 days Aging of Receivables Schedule 2 3 AAA Outfitters 4 Brown Trout Fly Shop 5 6 Zigs Fish Adventures 7 Subtotals 8 Adams Sports & Flies 9 Blue Dun Flies 10 Cicada Fish Co. 11 Deschutes Sports 12 Green River Sports 13 Smith River Co. 14 Western Trout Company 15 Wolfe Sports 16 Totals 17 Percentage uncollectible 18 Estimate of uncollectible accounts Customer Balance Not Past Due 1-30 31-60 61-90 91-120 Over 120 20,200.00 20,200.00 8,000.00 8,000.00 4,100.00 4,100.00 1,304,500.00 748,300.00 297,300.00 117,000.00 38,700.00 23,800.00 79,400.00 Additional Question 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. General Journal 4. Assume that the allowance for doubtful accounts for Trophy Fish Company has a debit balance of $4,700 before adjustment on December 31. Journalize the adjusting entry for uncollectible accounts. General Journal Instructions 1 2 DATE DESCRIPTION JOURNAL PAGE 10 ACCOUNTING FOLIATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Final Question 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 would be by X by because bad debt expense would be because the allowance for doubtful accounts would be and net income by In addition, the owner's equity (owner's capital) by on the income statement.