Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y4:

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.

CustomerDue DateBalanceAdams Sports & FliesMay 22$5,000Blue Dun FliesOct. 104,900Cicada Fish Co.Sept. 298,400Deschutes SportsOct. 207,000Green River SportsNov. 73,500Smith River Co.Nov. 282,400Western Trout CompanyDec. 76,800Wolfe SportsJan. 204,400

Trophy Fish has a past history of uncollectible accounts by age category, as follows:

Age ClassPercent UncollectibleNot past due1%130 days past due23160 days past due106190 days past due3091120 days past due40Over 120 days past due80

Required:

1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero.2. Complete the aging of receivables 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 Trophy Fish Company has a debit balance of $3,600 before adjustment on December 31. Journalize the adjusting entry for uncollectible accounts.5. Assuming that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement?

3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. Os the taiance shest masete would be sy in maters, the by tecause bad det exerie nout to en pea ineime sanemsit. wy dulerone insouction Goneral Joumal hatructions JOURWAL ACCOUNTING EQUATION Atequired: 1. Detarmine the number of days past due for each of the accounts below, if an account is not past due, enter a zero. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Customer } & Due Date & Number of Days Past Due \\ \hline Adams Sports \& Flies & May 22, 20Y4 & days \\ \hline Blue Dun Flies & Oct. 10, 20Y4 & days \\ \hline Cicada Fish Co. & Sept. 29, 20Y4 & days \\ \hline Deschutes Sports & Oet. 20, 20Y4 & days \\ \hline Green River Sports & Nov. 7, 20Y4 & days \\ \hline Smith River Co. & Nov. 28, 20Y4 & days \\ \hline Westem Trout Company & Dec. 7, 20Y4 & days \\ \hline Wolfe Sports & Jan. 20, 20Y5 & days \\ \hline \end{tabular} CHART OF ACCOUNTS Trophy Fish Company General Ledoer ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable-Adams Sports 8 Fles 122 Accounts Recelvable-Blue Dun Fles 123 Accounts Recevable-Cicada Fish Co0 124 Accounts Receivable-Deschutas 5ports 125 Accounts Receivable-Green Rver Sports 126 Aocounts Receivabin-Smith Rver Ca 127 Accounts Receivablo-Westam Trout Company 128 Aecounts Receivable-Wole Sports 129 Allowance for Doubtul Accounts 131 intarest Receivable 132 Noles Receivable 141 Merchandise imventory 145 Otice Supples 146 Slore Supplies 151 Prepaid inaurance 181 Land 191 Stcre Fquipment 192 Acsumulated Depreciation-Store Equprnen 193 Otfice Equipment 194 Aceumulated Depreciation.Office Equipment REVENUE 410 Sales 610 interest Revenue EXPENSES 510 Cost of Goods Sold 520 Sales Salaries Expense 521 Advertising Expente 522 Depreciation Expense-Stone Equipment 523 Delivery Expense 524 Repairs Expense $29 Selling Expenses 530 Ontice Salarles Expenta S31 Rent Expense $32 Depreciation Expense-Ofice Equipment 533 Insurance Expense 534 Otfice Sucples Expense 535 Store Supplos Expense 536 Credi Card Expense 537 Cash Short and Ovee 538 Bad Debt Expense 539 Misceltaneous Expense 710 Interest Expense L.ABILITES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Intereat Payable 215 Notes Payable EQUITY 310 Comman Stock 311 Retained Eamings 312 Dividends