Part 2 of 2 4 points Book Required information [The following information applies to the questions displayed below] Daley Company prepared the following aging of receivables analysis at December 31. Accounts receivable Percent uncollectible Total $625,000 0 $ 407,000 1 to 30 $101,000 Days Past Due 31 to 60 $ 47,000 61 to 90 $ 29,000 Over 90 $ 41,000 76 91 121 Hint Print a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% 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 $13,100 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 $2,100 debit. Complete this question by entering your answers in the tabs below. References Req A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Reg. Req B and C > Req A Req B and C 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 $13,100 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 $2,100 debit. View transaction list Journal entry worksheet 1 2 > Show less A 4 points eBook Journal entry worksheet 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,100 credit balance. Hint Print 0 0 0 Note: Enter debits before credits References Date December 31 General Journal Debit Credit Clear entry Record entry View general journal Reg A Reg Band C 4 points Journal entry worksheet 1 2 eBook Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,100 debit balance. Hint Print References Note: Enter debits before credits. Date December 31 General Journal Debit Credit