4 Daley Company prepared the following aging of recevables analysis at December 31. Days Past Due t 2 of 2 Total $660,000 Accounts receivable Percent uncollectible B $414,000 1% 1 to 30 $108, eee 2% 31 to 60 $ 54,000 5% 61 to 98 $36, eee 7% Over 90 $48, eee 10% ts Exercise 7-9 Percent of receivables method LO P3 eBook Ask 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 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 in the Allowance for Doubtful Accounts is a $2,800 debit. ferences Complete this question by entering your answers in the tabs below. Reg A Reg B and 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 $13,800 credit. 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. Show less View transaction list Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,800 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31