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0 Required information {The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31, Days

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0 Required information {The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31, Days Pant Dae Accounts receivable Percent uncollectible Total $660,000 $414,000 16 1 te 30 $108,000 24 31 to 60 61 to 90 $54,000 $36.000 50 78 Over 90 $48.000 103 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 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. Complete this question by entering your answers in the tabs below. Reg A Ree Bandc 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 receivable method Estimated balance of allowance for uncollectibles Saved a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receivable 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 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 i Allowance for Doubtful Accounts is a $2,800 debit. Complete this question by entering your answers in the tabs below. Req A Reg B and C 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. Estimated balance of allowance for uncollectibles os ReqB and c> View transaction list Journal entry worksheet 1 2 > Record estimated bad debts assuring that Allowance for Doubtful Accounts has a $13,800 credit balance. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet

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