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Required information [The following information applies to the questions displayed below.] Daley...

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Accounting

Required information
[The following information applies to the questions displayed below.]
Daley Company prepared the following aging of receivables analysis at December 31.
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 th Allowance for Doubtful Accounts is a $4,200 credit.
c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in th Allowance for Doubtful Accounts is a $700 debit.
Complete this question by entering your answers in the tabs below.
Req A
Req B and C
Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
\table[[,\table[[Accounts],[Receivable]],x,\table[[Percent],[Uncollectible (%)]],=,\table[[Estimated],[Uncollectible]]],[Not due:,,x,,=,],[1 to 30 :,,x,.,=,],[31 to 60:,,x,,=,],[61 to 90:,,x,,=,],[Over 90:,,x,,=,],[Estimated balance of allowance for uncollectibles,$
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