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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 $600,000 Accounts

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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 $600,000 Accounts receivable Percent uncollectible $402,000 18 1 to 30 31 to 60 61 to 90 $96.000 42.000 $24,000 28 58 Over 90 36,000 100 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% 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 $12,600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,600 debit. part Complete this question by entering your answers in the tabs below. Reg A Req Band C of total accounts receivable to Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Req and C >

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