Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $640,000 0 $410,000 3% 1 to 30 $104,000 4 % 31 to 60 $50,000 7 % 61 to 90 $32,000 9% Over 90 $44,000 12% a.Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using receivable method. aging of accounts Accounts Receivable Percent Uncollectible (%) Not due: % = % = X % = 1 to 30: 31 to 60: 61 to 90: Over 90: % = % = Estimated balance of allowance for uncollectibles 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 $5,000 credit and $1,500 debit. View transaction list X > 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,000 credit balance. counts 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,500 debit balance. Credit Note : = journal entry has been entered Record entry Clear entry View general journal