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Check m Required information Use the following information for the Exercises below. (The following information...

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Accounting

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Check m Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total $605,000 1 to 30 $97,000 28 31 to 60 61 to 90 Over 90 Accounts receivable Percent uncollectible $403,000 $43,000 $25,000 $37,000 118 38 68 Exercise 9-8 Aging of receivables method LO P3 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Aecounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $4,300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $800 debit. Complete this question by entering your answers in the tabs below. Next 10 of 10

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