Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Accounts receivable Percent uncollectible Total $570,000 $396,000 1% 1 to 30 $90,000 2% 31 to 60 $36,00 5% 61 to 90 $18,000 7% Over 90 $30,000 10% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% 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 $12,000 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 Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Chapter 7 - Homework 12 Required Womatic Part 2012 ROMA Red Band 5 b. Prepare the adjusting entry to bad expence using the estimate from parta. A Allowance for Doubtful Account is a $12,000 credit c. Prepare the adjusting entry to record bad de pensing the estimate from parta. A Allowance for Doubtful Accounts is a $1.000 debit Viewractions D Journal entry worksheet