4 Required information Part 2 of 3 Use the following information for the Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] 1.66 points Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 8 02:56:31 Accounts receivable Percent uncollectible Total $660,000 $414,000 1% 1 to 30 $108,000 2% 31 to 60 $54,000 5% 61 to 90 $36,000 7% Over 90 $48,000 10% eBook COD Hint Exercise 7-14 (Algo) Percent of receivables method LO P3 Print 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. References Complete this question by entering your answers in the tabs below. Reg 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 4 Required information Part 2 of 3 Reg A Reg B and C 1.66 points 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. 02:56:02 Show less A View transaction list eBook Journal entry worksheet Hint Record estimated bad debts assuming that allowance for Doubtful Accounts has a $13,800 credit balance. Print References Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal 4 Required information Part 2 of 3 Use the following information for the Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] 1.66 points Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 8 02:56:31 Accounts receivable Percent uncollectible Total $660,000 $414,000 1% 1 to 30 $108,000 2% 31 to 60 $54,000 5% 61 to 90 $36,000 7% Over 90 $48,000 10% eBook COD Hint Exercise 7-14 (Algo) Percent of receivables method LO P3 Print 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. References Complete this question by entering your answers in the tabs below. Reg 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 4 Required information Part 2 of 3 Reg A Reg B and C 1.66 points 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. 02:56:02 Show less A View transaction list eBook Journal entry worksheet Hint Record estimated bad debts assuming that allowance for Doubtful Accounts has a $13,800 credit balance. Print References Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal