Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total $575,000 Accounts receivable Percent uncollectible 0 $397,000 28 1 to 30 $91,000 38 31 to 60 61 to 90 $37,000 $19.000 66 88 Over 90 $31,000 118 receivable. a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts 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 $3,700 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 $200 debit. Complete this question by entering your answers in the tabs below. Reg A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Percent Rocolvable Uncollectible (%) Not due 1 to 30 X 31 to 60 X 61 to 90: Over 90 Estimated balance of allowance for uncollectibles . 1 Daley Company prepared the following aging of receivables analysis at December 31. Days Pant Due Total $575,000 Accounts receivable Percent uncollectible 0 $397,000 20 1 to 30 $91,000 38 31 to 60 61 to 90 $37,000 519,000 60 83 Over 90 $31.000 114 receivable. a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts 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 $3,700 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 $200 debit Complete this question by entering your answers in the tabs below. Reg A Reg Band 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 $3,700 credit. 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 $200 debit. Show less View transaction list Journal entry worksheet Required information Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the 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 $200 debit. Show less Allowance for Doubtful Accounts is a $3,700 credit. View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,700 credit balance. Note: Enter debits before credits General Journal Dobit Credit Date Dec 31 Record entry Clear entry View general Journal Required information 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 $3,700 credit. 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 $200 debit. Show less View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $200 debit balance. Note: Enter debits before credits General Journal Debit Credit Data Dec 31 Record entry Clear entry View general Journal
