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Problem 8-2A Name: Section: Score: Key Code: 0% [Key code here] Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. Enter a zero in cells you would otherwise leave blank. 1. Customer Due Date Adams Sports and Flies Blue Dun Files Cicada Fish Co. Deschutes Sports Green River Sports Smith River Co. Western Trout Company Wolfe Sports May 22 Oct. 10 Sept. 29 Oct. 20 Nov. 7 Nov. 28 Dec. 7 Jan. 20 Number of Days Past Due 2., 3. Aging of Receivables Schedule December 31, 20Y4 Days Past Due Customer Not Past Due Balance AAA Outfitters Brown Trout Fly Shop $ 20,000 7,500 Zigs Fish Adventures Subtotals Adams Sports and Flies Blue Dun Files Cicada Fish Co. 4,000 $ 1,300,000 5,000 4,900 8,400 $ 1 - 30 31 - 60 Over 120 91 - 120 20,000 $ $ 61 - 90 750,000 4,000 $ 290,000 7,500 $ 120,000 $ 40,000 $ 20,000 $ 80,000 Deschutes Sports Green River Sports Smith River Co. Western Trout Company Wolfe Sports Totals 7,000 3,500 2,400 6,800 4,400 $ 1,342,400 Percent uncollectible Estimate of uncollectible accounts 4. 5. On the balance sheet, the omission would cause: assets to be by retained earnings to be by On the income statement, the omission would cause: expenses to be by net income to be by ...
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