m. ! Required information Part 1 of 3 Use the following information for the Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] 1.66 points Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 8 02:57:52 Accounts receivable Percent uncollectible Total $660,000 $414,000 1% 1 to 30 $108,000 2% 31 to 60 $54,000 5% 61 to 90 $36,000 7% Over 90 $48,000 10% eBook Co Hint Exercise 7-13 (Algo) Aging of receivables method LO P3 Print 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 $5,400 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. References Complete this question by entering your answers in the tabs below. Reg A Req B and C 3 Exercise 7-13 (Algo) Aging of receivables method LO P3 Part 1 of 3 1.66 points 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 $5,400 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. 8 02:57:22 Complete this question by entering your answers in the tabs below. eBook Reg A Req B and C Hint Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Print References = Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30: 31 to 60 x 61 to 90 X Over 90 Estimated balance of allowance for uncollectibles = TILPUI LIIL JUUSLIITY LIILI Y LU ILLUIU wuu uLuLS LANLIIJL USUY LIILLOLIITILL FRUIT HUILU. SUNTIL LIL UIIULULLU WuluIILE IT LIIL 3 Required information Complete this question by entering your answers in the tabs below. Part 1 of 3 Req A Reg B and C 1.66 points 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. 8 02:56:59 Show less View transaction list eBook Journal entry worksheet Hint Print Record estimated bad debts assuming that allowance for Doubtful Accounts has a $1,900 debit balance. . References Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal
