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O Required information [The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31 Days
O Required information [The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Accounts receivable Percent uncollectible Total $650,000 $412,000 2x 1 to 30 $106,000 3% 31 to 60 552,000 6% 61 to 90 $34,000 BOX Over 90 $46,000 11% a. Complete the below table 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 $5.200 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 $1.700 debit Complete this question by entering your answers in the tabs below. Reg A Req B and Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable Sad $650,000 Accounts receivable Percent uncollectible $412,980 2 $106,00 3X 552,000 * $24,000 8% 546,000 11 a. Complete the below table 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 $5,200 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 $1700 debil. Complete this question by entering your answers in the tabs below. Reg A Reg Band Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable Accounts Parcent Receivable Uncollectible (6) Not due 1 to 30 X 31 to 60 X 61 to 90 x Over 90 Estimated balance of allowance for uncollectibles $
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