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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 Total $615,000

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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 Total $615,000 Accounts receivable Percent uncollectible 0 $405,000 1% 1 to 30 $99,000 2% 31 to 60 $45,000 5% 61 to 90 $27,000 7% Over 90 $39,000 10% 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 $4,500 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 $1,000 debit. Complete this question by entering your answers in the tabs below. Req 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 Percent Receivable Uncollectible (%) Not due: 1 to 30 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles X X $ 0 Reg A Req B and C>

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