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Trophy Fish Company supples flies and tishing gear to spoiting goods stores and outhitters theoughout the westem United Seates. The accounts receivabie cleak for Trophy

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Trophy Fish Company supples flies and tishing gear to spoiting goods stores and outhitters theoughout the westem United Seates. The accounts receivabie cleak for Trophy Fish prepsred the following partialy completed aging of receivables schedule as of the end of business on Decenber 31, 20Y4: The following accounts were urintentionaly omitted from the aging schectile. Assuane all due deles are tor the curtent year except for Wolle Sponts, which in due in the next year, Trophy Fich hes a past Puitory af uncollectale asoounte by age calegory, as tollowe- Age Class Fat past the Trophy Fist tias a past hithory of uncutectale accounts by age category as lalowt- 1. Deternine the number of days pust die for esch of the preceding acoounts. it an account is not pase duet, enter a reve 3. Estimate the allowance for doubtel accounts, bused on the aging of receivables schedule. 4. Assume that the alowance for doubtrul accounts for Thophy Fish Company has a debe balance of 34.000 teliore addusthent on December 31. Journalize the adusting enty for tmoolectible aceounts. Refer to the Chart of Accounts tor exact wonding of account Beses. 5. Assume that the adusting entry in (4) was inadvertendy omitted how would the omission afiect the bulance sheot and income stawmant? CHART OF ACCOUNTS Trophy Fish Company General Ledger EQuity 310 Common Stock 311 Retained Eamings 312 Dividends 313 income Summary 1. Determine the number of days past dive for each of the accounts below, If an account is not past due, enter a zero. 3. Estimate the allowance for doubtful accounts, based on the aging of recelvables schedule

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