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Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due points 1

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Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due points 1 Accounts receivable Percent uncollectible Total $585,000 0 $399,000 to 30 593,000 31 to 60 $39,000 61 to 90 $21,000 Over 90 $33,000 100 eBook 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 $3,900 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 $400 debit References Complete this question by entering your answers in the tabs below. Reg A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts Receivable Uncollectible (6) Not due 1 to 30 131 to 60 Book Reg A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of account receivable method. References Accounts Receivable Percent Uncollectible (%) Not due: 1 to 30: 31 to 60 61 to 90- Over 90: Estimated balance of allowance for uncollectibles Reg Band > 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 $3,900 credit. 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 $400 debit. Show View transaction list eBook Journal entry worksheet Print references Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,900 credit balance Note: Enter debits before credits General Journal Debit Credit Date Dec 31 View transaction list points Journal entry worksheet eBook Print References Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $400 debit balance. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general journal

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