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Check my work Required information Part 2 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.] 6.25 points Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts receivable Percent uncollectible Total $620,000 0 $406,000 1 to 30 $100,000 31 to 60 61 to 90 $46,000 $28,000 Over 90 $40,000 eBook Print Exercise 9-9 Percent of receivables method LOP3 References a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. 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 $13,000 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 $2,000 debit. Complete this question by entering your answers in the tabs below. ReqA Randc Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method Estimated balance of allowance for uncollectibles credit Complete this question by entering your answers in the tabs below. Req A Req B and 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 $13,00 credit. 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 $2,000 debit. Show less View transaction list View journal entry worksheet No Debit Credit Date Dec 31 1 1 General Journal Bad debts expense Allowance for doubtful accounts 2 Dec 31 Bad debts expense Allowance for doubtful accounts - Reqa RoqB and C

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