5 (The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Part 3 of 3 Days Past Due Accounts receivable Percent uncollectible Total $660,000 0 $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% 1.66 points X 02:55:18 Exercise 7-13 (Algo) Aging of receivables method LO P3 eBook 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 $5,400 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 $1,900 debit. Hint Print Complete this question by entering your answers in the tabs below. References Reg A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30 X 31 to 60 X 61 to 90: X Over 90 X Estimated balance of allowance for uncollectibles 5 Required information 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 $1,900 debit. Part 3 of 3 Complete this question by entering your answers in the tabs below. 1.66 points Reg A Req B and C 8 02:54:58 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 $5,400 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 $1,900 debit. Show less eBook View transaction list Hint Journal entry worksheet Print References Record estimated bad debts assuming that allowance for Doubtful Accounts has a $5,400 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal