Daley Company prepared the following aging of receivables analysis at December 31. Total $ 585,000 0 $ 399,000 16 Days Past Due 31 to 60 $ 39,000 58 1 to 30 $ 93,000 26 Accounts receivable Percent uncollectible 61 to 90 $ 21,000 78 Over 90 $ 33,000 100 Exercise 9-15 (Algo) Percent of receivables method LO P3 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 $12,300 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 $1,300 debit Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B and C Allowance for Doubtful Accounts is a $1,300 debit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Reg B and C 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. Estimated balance of allowance for uncollectibles 12,670 credit Reg Roq B and C > Complete this question by entering your answers in the tabs below. Req A Red B and C 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 $12,300 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 $1,300 debit. Show less Debit No Dato General Journal Credit 8,670 1 December 31 Bad debts expenso 8,670 Allowance for doubtful accounts 12,970 N December 31 Bad debts expense 12.970 Allowance for doubtful accounts