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, 20Y6:

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, 20Y7 ................. 4,400
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?

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Not Past Days Past Due 2 3 Customer BalanceDue 1-30 31-60 61-90 91-120 Over 120 AAAOutfitters 5 Brown Trout Fly Shop 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