Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 31 to 60 $ 55,000 Accounts receivable Percent uncollectible Total 0 $ 665,000 $ 415,000 Complete this question by entering your answers in the tabs below. Req A 2% Req B and C 1 to 30 $ 109,000 3% 6% 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. Estimated balance of allowance for uncollectibles 61 to 90 $ 37,000 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 $13,900 credit. 8% 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 $2,900 debit. Over 90 $ 49,000 11% 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.

Daiey Company prepared the following oging of recelvables analysls 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 $13,900 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 $2,900 debit. Leafing of mertadin method Daley Company prepared the following aging of recelvables 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 recelvables method. b. Prepore 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 $13,900 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjustertbalance in the Allowance for Doubtful Accounts is a $2,900 debit. Camplete this questina by entering your answers in the tahs below. the aging of receivables medhod