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EKI Submit The following information applies to the questions displayed below! Daley Company prepared the following aging of receivables analysis at December 31 Days Past
EKI Submit The following information applies to the questions displayed below! Daley Company prepared the following aging of receivables analysis at December 31 Days Past De Accounts receivable Percent uncollectible Total 5645,000 $411,000 IN 1 130 31 to 60 5105,000 $1,000 24 SX 61 to 90 $33.000 23 Over 90 $45.000 OK 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 $5100 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 $1.600 debit. Complete this question by entering your answers in the tabs below. Rega Rea Bandc
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