Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Total $670,000 Accounts receivable Percent uncollectible 0 $416,000 3% 1 to 30 $110,000 4 % 31 to 60 $56,000 7 % 61 to 90 $38,000 9 % Over 90 $50,000 12% a.Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts Receivable Percent Uncollectible (%) Not due: X % = 1 to 30: % = 31 to 60: X % = 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 $5,600 credit and $2,100 debit. View transaction list X > 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,600 credit balance. counts 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,100 debit balance. Credit Note: = journal entry has been entered Record entry Clear entry View general journal