Estimate the balance of allowance for uncollectibles and the two journal entries using the information given.

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of recelvables analysis to 30 31 to 60 61 to 90 Over receivable $585,000 $399,000 $93,000 $39,000 $21,000 $33,000 28 Percent uncollectible 58 104 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% 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 $12,300 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 $1,300 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 6% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. of a for Req B and c > Prepare the adjusting entry to record Bad Debts E for Doubtful is a $12,300 credit. Prepare the adjusting entry to Allowance for Journal entry worksheet has a $12,300 credit balance. Dec 31 Clear entry Allowance for Doubtful Prepare the adjusting entry to Allowance for Doubtful Accounts is a $1,300 debit. is a $12,300 credit. View transaction list has a $1,300 debit balance. Dec 31 Clear entry