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Daley Company prepared the following aging of receivables analysis at December 31. Exercise 98 Days Post TO P3 11 30 31 61 90 Oro 5570.000

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Daley Company prepared the following aging of receivables analysis at December 31. Exercise 98 Days Post TO P3 11 30 31 61 90 Oro 5570.000 $395.000 590.000 50.000 $13.000 Accounts receivable Percent collect $30.000 10 a. Estimate the balance of the 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 $3,600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from purta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a 5100 debit

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