Easy supply company uses the percent of accounts receivable method on December 31 to have asked in the accounts receivable $48,000 estimates that 5% will be uncle Nick repair the year and adjusting entry to record bad debt expense and associates at the allowance for doubtful accounts has a $816 credit balance before the adjustment and a $240 debit balance before the adjustment

Help Save: Required information (The following information applies to the questions displayed below! Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total $600,000 Accounts receivable Percent uncollectible $402,000 1% 1 to 30 $96,000 2% 31 to 60 $42,000 5% 61 to 99 $24,000 7% Over 90 $36,eee 18x a. Complete the below table 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 $4,200 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 $700 debit. o Bio 9