Daley Company prepared the following aging of receivables analysis at December 31. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. 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 $3,800 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 $300 debit.

Required information [The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Total $ 580,000 0 $ 398,000 3% Accounts receivable Percent uncollectible Days Past Due 31 to 60 $ 38,000 7% 1 to 30 $ 92,000 4% 61 to 90 $ 20,000 9% Over 90 $ 32,000 12% a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. 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 $3,800 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 $300 debit. ed in Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. II Estimated Uncollectible 11,940 Accounts Percent Receivable Uncollectible (%) Not due: $ 398,000 x 3%) = 1 to 30: 92,000 x 4% = 31 to 60: 38,000 x 7% = 61 to 90: 20,000 x 9% = Over 90: 32,000 x 12%) = Estimated balance of allowance for uncollectibles 3,680 2,660 1,800 3,840 23,920 ed in Complete this question by entering your answers in the tabs below. Req A Req 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 $3,800 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 $300 debit. Show View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31 20,120 Bad debts expense 20,120 Allowance for doubtful accounts 2 December 31 Bad debts expense 24,220 Allowance for doubtful accounts 24,220