Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Total $605,000 1 to 30 $97,000 31 to 60 $43,000 Over 90 $37,000 $403,000 61 to 90 $25,000 88 Nccounts receivable Percent uncollectible 115 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable 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 $12,700 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 $1,700 debit. Complete this question by entering your answers in the tabs below. Res Req Band Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 41 of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncolectibles Ragande > Reg A Req B and 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 $12,700 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 $1,700 debit. Show less View transaction list Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,700 credit balance. Note: Enter debits before credits General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal