Help Save E Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31 Check Accounts receivable Percent uncollectible Total $662,00 $414,00 15 Days Past Due 1 to 30 31 to 60 61 to se $108,000 $54, cea $36,000 29 5% 25 Over se $48, eee 10 Exercise 7-8 Aging of receivables method LO P3 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 $5,400 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 $1,900 debit. Complete this question by entering your answers in the tabs below. Req A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Receivable Percent Uncollectible (%) Exercise 7-8 Aging of receivables method LO P3 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 $5,400 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 $1,900 debit. Complete this question by entering your answers in the tabs below. Req A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Percent Receivable Uncollectible (%) Not due: X 1 to 30: 31 to 60 61 to 90 Over 90: x Estimated balance of allowance for uncollectibles X X $ Regando > JULIO Dad debts expense using the estimate from part a. Assume the unadjusted bal. wance for Doubtful Accounts is a $1,900 debit. ew transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,400 credit balance. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Required information Allowance for Doubtful Accounts is a $5,400 credit. 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 $1,900 debit. She View transaction tist Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,900 debit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 View general journal Clear entry Record entry
