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Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,700 credit balance. Note: Enter debits before credits. Journal entry

image text in transcribedimage text in transcribedimage text in transcribed Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,700 credit balance. Note: Enter debits before credits. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $200 debit balance. Note: Enter debits before credits. Use the following information for the Exercises 1415 below. (Algo) [The following information applles to the questions displayed below.] Daley Company prepared the following aging of recelvables analysis at December 31. 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 recelvable. 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 $3,700 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 $200 debit. 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

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