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Daley Company prepared the following aging of receivables analysis at December 31, Days Past Due...

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Daley Company prepared the following aging of receivables analysis at December 31, Days Past Due Accounts receivable Percent uncollectible Total $660,000 $414, eee 1% 1 to 30 $108,000 2% 31 to 60 $54,000 5% 61 to 90 $36,000 7% Over 90 $48,000 10% o. 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 $13,800 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 $2,800 debit

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