5-8 Saved Required information [The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total @ 1 to 30 31 to 60 61 to 90 Accounts receivable Over 90 $590,000 $400,000 $94,000 $40,000 $22,000 Percent uncollectible 24 $34,000 34 66 84 114 a. Complete the below table 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 $4,000 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 $500 debit. Complete this question by entering your answers in the tabs below. Req A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Receivable Percent Uncollectible (%) Not due: x X 1 to 30: 31 to 60 X 61 to 90 X Over 90: Estimated balance of allowance for uncollectibles $ 0 Req Band C > Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted for Doubtful Accounts is a $500 debit. 01:12:31 View transaction list Journal entry worksheet