Daley Company prepared the following aging of receivables analysis at December 31. Total 0 Accounts receivable....

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Daley Company prepared the following aging of receivables analysis at December 31. Total 0 Accounts receivable. Percent uncollectible $ 570,000 $ 396,000 1 to 30 $ 90,000 Days Past Due 31 to 60 61 to 90 $ 36,000 $ 18,000 18 28 58 78 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 Req B and C 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 credit of 2 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 $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. :46:01 View transaction list bok int Journal entry worksheet > 1 2 rences Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,000 credit balance. W Note: Enter debits before credits. Date December 31 General Journal Debit Credit < Prev S 27 of 31 Next > Show less A Required information 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 $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. View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,000 debit balance. Note: Enter debits before credits. Date December General Journal Debit Credit 31 Show less A Daley Company prepared the following aging of receivables analysis at December 31. Total 0 Accounts receivable. Percent uncollectible $ 570,000 $ 396,000 1 to 30 $ 90,000 Days Past Due 31 to 60 61 to 90 $ 36,000 $ 18,000 18 28 58 78 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 Req B and C 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 credit of 2 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 $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. :46:01 View transaction list bok int Journal entry worksheet > 1 2 rences Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,000 credit balance. W Note: Enter debits before credits. Date December 31 General Journal Debit Credit < Prev S 27 of 31 Next > Show less A Required information 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 $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. View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,000 debit balance. Note: Enter debits before credits. Date December General Journal Debit Credit 31 Show less A