15

C! Required information Use the following Information for the Exercises 14-15 below. (Algo) [The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31 Accounts receivable Percent uncollectible Total $ 595,000 $ 401,000 3X Days Past Due 1 to 30 31 to 60 $ 95,000 $ 41,000 4% 7% 61 to 90 $ 23,000 9% Over 10 $ 35,000 12% Exercise 9-14 (Algo) Aging of receivables method LO P3 a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of ac 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 $4,100 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 $600 debit. .. Required information Allowance for Doubtful Accounts is a $600 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 Doubtfu receivable. Estimated Uncollectible HI x Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30 31 to 60 X 61 to 90 X Over 90 Estimated balance of allowance for uncollectibles = 11 11 Ren A Req B and C> Saved Required information Journal entry worksheet