Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 31 to 60 $ 43,000 Accounts receivable Percent uncollectible Total 0 $ 605,000 $ 403,000 Req A Req B and C 2% Complete this question by entering your answers in the tabs below. 1 to 30 $ 97,000 Estimated balance of allowance for uncollectibles 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.

Daley Company prepared the following aging of receivables analysis at December 31. 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. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts recelvable to estimate uncollectibles, instead of the aging of receivables method. Estimated talance 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 $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. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,700 credit balance. Note: Enter debits before credits. 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. Show less A Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,700 debit balance. Note: Enter debits before credits