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Allowance Saved 7 Exercise 9-7 Aging of receivables method LO P3 769 polnts Daley Company estimates uncollectible accounts using the allowance method receivables analysis ts
Allowance Saved 7 Exercise 9-7 Aging of receivables method LO P3 769 polnts Daley Company estimates uncollectible accounts using the allowance method receivables analysis ts using the allowance method at December 31. It prepared the following aging of Days Past Due eBook Hint Print Referencas 1 to 30 31 to 60 61 to 90 Over 90 $570,000 $396, 000 $90,000 $36,000 $18,000 $30, 000 Total Accounts receivable Percent uncollectible 14 28 78 108 5% a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable 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 $3,600 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 $100 debit Complete this question by entering your answers in the tabs below Rec AReq B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method Mc Gn K Prev 7 of 13 Next>
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