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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 Accounts receivable

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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 Accounts receivable Percent uncollectible Total $ 580,000 0 $398,000 3% 1 to 30 $92,000 4% 31 to 60 $38,000 7% 61 to 90 $20,000 9% Over 90 $32,000 12% 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 $3,800 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 $300 debit. Complete this question by entering your answers in the tabs below. Req A Req 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 Percent Receivable Uncollectible (%) Not due: 1 to 30: 31 to 60: 61 to 90: Over 90 Estimated balance of allowance for uncollectibles = X = = $ 0

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