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Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Accounts receivable Percent uncollectible Total $585,000 $399,000 1x 1 to 30 593,000 2x 31 to 60 $39,000 61 to 90 321,800 7% Over 90 $33,eee SX a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts 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 $3.900 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 $400 debit. Complete this question by entering your answers in the tabs below. Req A Req Band Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Percent Receivable Uncollectible (96) Not due 1 to 30 x 31 to 60 61 to 90 x Over 00 Estimated balance of allowance for uncollectibles Reg Band > Req A Req B and C 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 $3,900 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 $400 debit. Show less View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,900 credit balance Note: Enter debits botone C Date General Journal Debit Credit Dec 31 Record entry Clear entry View all Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Accounts receivable Percent uncollectible Total $585,000 $399,888 2x 1 to 30 $93,800 2x 31 to 60 $39,000 61 to 90 $21,000 Over 90 $33,eae 10 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% 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 $12,300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from porta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,300 debit Complete this question by entering your answers in the tabs below. Reg A Red Band Estimate the balance of the Allowance for Doubtful Accounts assuming the company was e of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of a lowance for uncolles He Bandc> Journal entry worksheet Record estimated bad debts assuming that allowance for Doubtful Accounts has a $12,300 credit balance. Note: Enter debits before credits Date General Journal Debit Dec 31 Credit Record entry Clear entry View general journal Daley Company prepared the following aging of receivables analysis at December 31 Total Accounts receivable Percent uncollectible Days Past Due 1 to 30 31 to 60 61 to 90 $93,000 $39,000 $21,000 23 5X 3585,000 $399,000 1x Over 90 533, 10 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% 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 $12.300 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 $1300 debit

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