IE Exercise 9-15 (Algo): Percent of receivables method LO P3 Daley Company prepared the following aging of receivables analysis at December 31. 0. Estimate the balance of the Allowance for Doubtfut Accounts assuming the company uses 5% of total accounts recelvable 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 $14,000 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 $3.000 debit. Nevigotion: IUse the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Sove ond Return to Assignment button in the lower right to retuin to Connect Daley Company prepared the following aging of receivables analysis at December 31 . a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5.0% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtfut Accounts is a $1,000 debit