nework Help Save & Exit Check m Daley Company estimates uncollectible accounts using the allowance method at December 31. it prepared the following aging of recelvables analysis. Accounts receivable Percent uncollectible 585,000 399,000 93,000 39,000 $21,00 $33,000 5% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% 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 $12,300 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 $1,300 debit. Complete this question by entering your answers in the tabs below. Req A Reg B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Req S and c > Prev 4of11 Ell -Next> 20 5 6 7 8 9 0