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29 Daley Company prepared the following aging of receivables analysis at December 31. Total Accounts receivable Percent uncollectible $ 575,000 $ 397,000 1 to
29 Daley Company prepared the following aging of receivables analysis at December 31. Total Accounts receivable Percent uncollectible $ 575,000 $ 397,000 1 to 30 $ 91,000 Days Past Due 31 to 60 $ 37,000 61 to 90 $ 19,000 Over 90 $ 31,000 2% 3% 6% 8% 11% Part 1 of 2 Skipped 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 the Allowance for Doubtful Accounts is a $3,700 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 $200 debit. Mc Graw Hill 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. Not due: 1 to 30: Accounts Receivable 31 to 60: 61 to 90: Over 90: 44 1 2 #3 X X X X Percent Uncollectible (%) Estimated Uncollectible < Prev 29 30 of 70 Next > S TA tv 5 80 F3 F4 694 % alo 50 MacBook Air 66 & 29 7 8 * Aa P
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