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LO 5 16.66 points Required information [The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis
LO 5 16.66 points Required information [The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31 elock Total Accounts receivable Percent uncollectible $ 645,000 $ 411,000 1 to 30 $105,000 Days Past Due 31 to 6 $51,000 61 to 90 $ 33,000 Over 90 $45,000 7% 10% Ask 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 the Allowance for Doubtful Accounts is a $5,100 credit e. 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 $1600 debit Complete this question by entering your answers in the tabs below. A Reg Band C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable Not dum Accounts Receivable Percent Uncollectible () Extinated Uncollectible 11030 31 to 60 01090 Over 90 Estimated balance of allowance for uncollect S Req B and C >
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