Exercise 7.14 (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 a. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $5,000 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in t Allowance for Doubtful Accounts is a $1,500 debit Hint Use ledgers and 3-step process for Adjusting Entries! Complete this question by entering your answers in the tabs below. 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 a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance In the Alowance for Doubtful Accounts is a $1,500 deblt. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtul Accounts has a s5,000 credit balance. Mote: thiter debota before ardas