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throughout the western United States. The accounts receivable clerk for Trophy Fish outie the following partially completed aging of receivables schedule as of the end-ofhiprepr

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throughout the western United States. The accounts receivable clerk for Trophy Fish outie the following partially completed aging of receivables schedule as of the end-ofhiprepr December 31, 20Y4 PR 8-2A Aging of receivables; estimating allowance for doubtful accounts $121,000 Trophy Fish Company supplies flies and fishing gear to sporting goods stores and Days Past Due EL TEMPLATE Past Balance Due| 1-30 31-6061-90-91-120-Over120 7,500 20,000 20,000 7.500 AAA Outfitters Brown Trout Fly Shop 4000 1.300000 750,000 290,000 120000 400020,000 0,000 4,000 30 Zigs Fish Adventures 31 Subtotals The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Wolfe Sports, which is due in the next year 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 Oct. 10 Sept. 29 Oct. 20 Nov. 7 Nov. 28 Dec. 7 Jan. 20 Balance $5,000 4,900 8,400 7,000 3,500 2,400 6,800 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 Uncollectible 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 botiom of the schedule and updating the totals. 3. Estimate the allowance for doubtful accounts, based on the aging of receivables 4. Assume that the allowance for doubtful accounts for Trophy Fish Company has a schedule. balance of $3,600 before adjustment on December 31. Journalize the adjusting uncollectible accounts. debil 5Assume that the adjusting entry in (4 was inadvertently omitted, how omission affect the balance sheet and income statement

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