Trophy Fish Company supples fies and fiahing gear to sporting goods stores and outtitters throughout the westem Unhed Stases. The gccounts receivable clerk for Trophy Fiah prepared the following partally completed aging of receivables schedule as of the end of busines5 on December 31 , 20Y4 The following accounts were unimtentonally omdtod from the aging schedule. Assume all due dates are for the current year except for Wolle Sports, which is due in the next year. Trophy Fish has a past hstory of uncotectible aocounts by ago category, as follows: Trophy Fish has a past history of uncolloctiblo accounts by age category, as follows: 1. Defermine the number of dass past due for each of the preceding accounts. If an account is not past due. entor a zevo. 2. Compiele the aging of recevables schedule by adding the amited accounts to the bothom of the schedule and updaking the fotals. 3. Estimate the allowance for doubtrul accounts, based an the aging of receivabios schedile. 4. Assume that the allowance for doubthl accounts for Trophy Fish Company has a debir balance of $4,000 bofore adiutinent on December 31 Joumalize the adisting entry for ancolectible accounts. Aefer to the Chart of Aceounts for exact wovding of account ales 5. Assume that the adjusting enty in (4) was inadvertently eminted, how would the omission aflect the balance sheot and income statement? 1. Determine the number of days past due for each of the accounts below. If an account is not past due, enter a zera 2 Complete the aging of recerables scheodule by adding the omithed accounts to the boltom of the scheotile and upditing the totals. If an amount bor does not require an entre leme it Bank 3. Estimate the allowance for doubttul accounts, based on the aging of receivabies schedule. 4. Assume that the alowance for doubeth accounts for Troohy Fish Company has a debir balance of St,oov before andistmeit on December 3t. Joumalie the adjusting ondry for uncolectiole accounts. Fiefer to the Chat of Aecounts for exant wording of account tobes 5. Assume that the adusting eniyy in (4) was inadvertenty omithed, how would the omsson afect the balance sheet and income statement? On the balance sheel, ascets would be by beckuse the allowance for doubthul aceounts would be addstion, the owner's capital account would be by rectuse bad debl expense would be and net inoome on the income statement