Strut Creations Company, Inc., supplies wigs and hair care products to beauty salons throughout Colorado, Wyoming, Nevada, Idaho, Oregon, Washington, and California. The accounts receivable clerk for Strut Creations Company, Inc., prepared the following partially completed aging of receivables schedule as of the end of business on December 31. 2019: Not Past Customer Balance Due 1 to 30 31 to 60 61 to 90 91 to 120 >than 120 Subtotals 875,000 415,000 210,000 112.000 55,000 18,000 65.000 Percent Uncollectible Age Class The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Visions Hair & Nail, which is due in the next year Customer Due Date Balance Arcade Beauty 17-Aug 10,000 Creative Images 30-Oct Excel Hair Products 3.Jul 7.500 First Class Hair Care 8-Sep 6,600 Golden Images 23-Nov 3,600 Oh that Hair 29. Nov 1.400 One Stop Hair Designs 7-Dec 4,000 Visons Hair & Nail 11.Jan 9,000 8.500 Not past due 1 to 30 past 31 to 60 past 61 to 90 past 91 to 120 past > 120 past 1% 4% 16% 25% 40% 80% Required: Determine the number of days past due for each of the preeding accounts. 2 Complete the againg of receivable 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 Strut Creations Company has a credit balance of S 7,375 before adjustment on December 31. Journalize the adjustment for uncollectible accounts. 5 Assume that the adjusting entry in [4] was inadvertently omitted, how would the omission affect the balance sheet and income statement