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Exercise 7-7 Aging of receivables method L O P3 Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following

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Exercise 7-7 Aging of receivables method L O P3 Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of recelvables analysis. Total 1to30 to 60 61to90 Over 90 $655,000 $413,000 $107,00 53,000 $35,000 $47,000 Accounts receivable uncollectible5 3% 7% 9% 12% , a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable 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 $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 Doubtfuf Accounts is a $1,800 debit

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