Loca 17 Required information [The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at Accounts receivable Percent uncollectible: Total $635,000 December 31 Days Past Due 11 to 08 $40,000 COUNTY COLL Al to 50 $31,000 $41,000 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 $4,900 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 $1,400 debit. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Not due 1 to 30: 31 to 60: 61 to 90 Over 90 Accounts Receivable x x x Percent Uncollectible (%) Estimated Uncollectible Estimated balance of allowance for uncollectibles 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 $4,900 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 $1,400 debit. Show less View transaction list Journal entry worksheet < 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,400 debit balance. Note: Enter debits before credits. Date December 31 General Journal Debit Credi View general journal a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable 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 $13.300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjed balance in the Allowance for Doubtful Accounts is a $2,300 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles CHA Req B and C > Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,300 credit balance. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,300 debit balance. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal