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1 of 2 Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at

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1 of 2 Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due s Accounts receivable Percent uncollectible Total $670,000 $416,000 1 to 30 31 to 60 61 to 90 $110,000 $56,000 $38,000 Over 90 $50,000 39 4 74 98 12% eBook Hint ferences a. Complete the below table 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 $5,600 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 $2,100 debit.

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