71 Required information Use the following information for the Exercises 14-15 below. (Algo) [The following information applies to the questions displayed below.) 1 of 2 Daley Company prepared the following aging of receivables analysis at December 31. Total 0 Accounts receivable Percent uncollectible: $ 635,000 $ 409,000 1 to 30 $ 103,000 Days Past Due 31 to 60 $ 49,000 61 to 90 $ 31,000 Over 90 2% 3% 6% 8% $ 43,000 11% Book Exercise 7-14 (Algo) Aging of receivables method LO P3 + Hint 0 erences 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 $4,900 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 $1,400 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Not due: 1 to 30: 31 to 60: 61 to 90: Over 90 Accounts Receivable Percent Uncollectible (%) Estimated Uncollectible X x x = x = x = Estimated balance of allowance for uncollectibles