points eBook References Days Past Due Total 0 Accounts receivable Percent uncollectible $605,000 $403,000 2% 31 to 60 $43,000 6% 61 to 90 $25,000 8% Over 90 $37,000 11% Exercise 9-8 Aging of receivables method LO P3 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 $4,300 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 $800 debit. Complete this question by entering your answers in the tabs below. Reg A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Percent Receivable Uncollectible (%) Not due 403,000 X 1 to 30 97.000 x 2.910 31 to 60 43.000 x 2,580 61 to 90 25.000 x 2,000 Over 90 37.000 x 4.070 Estimated balance of allowance for uncollectibles 11.560 credit 0% = 3% = 6% 8% = 11% 1 to 30 $97,000 3% Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 0 Total $605,000 $403,000 Accounts receivable Percent uncollectible 1 to 30 $97,000 3% 31 to 60 $43,000 6% 61 to 90 $25,000 8% Over 90 $37,000 11% 2% Exercise 9-8 Aging of receivables method LO P3 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging receivable b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjuste Allowance for Doubtful Accounts is a $4,300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted Allowance for Doubtful Accounts is a $800 debit. Complete this question by entering your answers in the tabs below. Rea A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Percent Accounts Receivable Uncollectible (%) Not due 403,000 X 0% 1 to 30 97.000 x 3% 2,910 31 to 60 43.000 x 6% = 2,580 61 to 90 25,000 x 8% 2,000 Over 90 37,000 x 11% 4,070 Estimated balance of allowance for uncollectibles 11,560 credit www $ Req B and C >