Exercise 7-13 (Algo) Aging of receivables method LO P3 a. Complete the table below 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. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,300 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 $1,800 debit Complete this question by entering your answers in the tabs below. RA Reg and Required information Use the following information for the Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts receivable Percent uncollectible Total $655,000 $413,000 3 1 to 30 $107.000 4% 31 to be S53.000 7% 61 to 90 $35,000 9 Over se $47.000 12% Exercise 7-14 (Algo) Percent of receivables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses or total counts receivable to estimate uncollectibles, instead of the aging of recewables 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 $13.700 credit c. Prepare the adjusting entry to record bad debt5 expense using the citimate from part a Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $2.700 debit