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Required information The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysts at December 31 2 of 2 Days Past Due Accounts receivable Percent uncollectible Total $650,000 $412,000 2x 1 to 30 5186,000 33 31 to 60 $52,000 6% 61 to 90 $34,000 8x Over 90 546,000 11 o. 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 $13,600 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 $2,600 debit Complete this question by entering your answers in the tabs below Journal entry worksheet of 2 1 2 V A Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,600 credit balance. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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