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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

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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 Past Due Accounts receivable Percent uncollectible Total $662,000 $414,00e 1% 1 to 3e $108,000 2x 31 to 60 $54, eee 5X 61 to ge 536,eee 75 Overige $48, see 183 o. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receiva 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 balan Allowance for Doubtful Accounts is a $13,800 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted balanc Allowance for Doubtful Accounts is a $2.800 debit. X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Reg B and 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 513,800 credit. 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 $2,800 debit. Show less No Date General Journal Debit Credit 1 Dec 31 Bad debts expense Allowance for doubtful accounts 25.800 25,800 2 Dec 31 Bad debts expense Allowance for doubtful accounts

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