A H Not Days Past Due Past Customer 4 AAA Outfitters 5 Brown Trout Fly Shop Balance Due 1-30 31-60 61-90 91-120 Over 120 20,000 20,000 7,500 7,500 30 Zigs Fish Adventures 31 Subtotals 4,000 | 1,300,000 750,000 290,000 120,000 40,000 20,000 80,000 4,000 The following accounts were unintentionally omitted from the aging schedule: Customer Due Date Balance Adams Sports & Flies May 22, 20Y6 $5,000 Blue Dun Flies Oct. 10, 20Y6 4,900 Cicada Fish Co. Sept. 29, 20Y6 8,400 Deschutes Sports Oct. 20, 20Y6 7,000 Green River Sports Nov. 7, 20Y6 3,500 Smith River Co. Nov. 28, 20Y6 2,400 Western Trout Company Dec. 7, 20Y6 6,800 Wolfe Sports Jan. 20, 20Y 7| 4,400 Trophy Fish has a past history of uncollectible accounts by age category, as follows: Age Class Not past due Percent Uncollectible 19% |1-30 days past due 2 31-60 days past due 10 61-90 days past due 30 91-120 days past due 40 Over 120 days past due 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 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, 20Y6. 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?

Entries for bad debt expense under the direct write-off and allowance methods Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31: Customer Kim Abel Lee Drake Jenny Green Mike Lamb Total Aging Class (Number of Days Past Due) 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Total receivables The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number of Days Past Due) 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Total receivables Bad Debt Expense Accounts Receivable-Kim Abel Accounts Receivable-Lee Drake Accounts Receivable-Jenny Green Accounts Receivable-Mike Lamb Allowance for Doubtful Accounts Accounts Receivable-Kim Abel Accounts Receivable-Lee Drake Accounts Receivable-Jenny Green Accounts Receivable-Mike Lamb Bad Debt Expense Amount $24,200 34,150 29,700 17,600 $105,650 Allowance for Doubtful Accounts Feedback Receivables Balance on…

Aging of Receivables Schedule The accounts receivable clerk for Kirchhoff Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30:     Not Days Past Due     Past       Over Customer Balance Due 1-30 31-60 61-90 90 Academy Industries Inc. 5,500   5,500                   Ascent Company 3,100       3,100                 Zoot Company 7,700           7,700           Subtotals 886,200   535,200   195,000   85,100   44,300   26,600   The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer     Balance Due Date Conover Industries $12,400   July 9 Keystone Company 8,900   September 19 Moxie Creek Inc. 17,700   October 17 Rainbow Company 10,600   November 5 Swanson Company 23,900   December 21 Question Content Area a.  Determine the number of days past due for each of the preceding accounts as of November 30. If an…

Complete a,b,&c please and thank you