Accounting Questionnnn:))
Required Information Use the following information for the Exercises 13-14 below. (Algo) [The following information applles to the questions displayed below] Daley Company prepared the following aging of recelvables analysis at December 31. Exercise 7-14 (Algo) Percent of receivables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts recelvable to estimate uncollectibles, instead of the aging of recelvables 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 Doubtiul Accounts is a $12,200 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 Doubtiul Accounts is a $1,200 debit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Exercise 7.14 (Algo) Percent of receivables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts recelvable to estimate uncollectibles, instead of the aging of recelvables method. b. Prepare the adjusung entry to record bad debts expense using the estimate from part a. Assume the unadjusted batance in the Allowance for Doubtful Accounts is a $12,200 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 $1,200 debit. Complete this question by entering your answers in the tabs below. 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 $12,200 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 Doubtifut Accounts is a $1,200 debit. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,200 credit balance. Note: Enter debirs before credies. Exercise 7-14 (Algo) Percent of receivables method LO P3 Q. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts recelvable 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 $12,200 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 $1,200debit. Complete this question by entering your answers in the tabs below. 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 $12,200 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted belance in the Allowance for Doubtful Accounts is a $1,200 debit. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,200 debit balance. Note: Enter debits befere oredis
