5 Check my work Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis 142 Days Past Due points Total 1 to 30 31 to 60 $36,000 5 61 to 90 Over 90 $30,000 Accounts receivable Fercent uncollectible $570,000 $396,000 $90.000 $18,000 2 14 eBook 74 10% Hiet a. Estimate the balance'of the Allowance for Doubtful Accounts assuming the company uses 4.5 % 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 $12,000 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 $1,000 debit. Pint References Complete this question by entering your answers in the tabs below. Reg A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Ln