q2 req A

req b and c

2 Required information [The following information applies to the questions displayed below) Part 2 of 2 Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due 13.34 points Total $585 , $399,000 .1% 1 to 30 $93,000 2% 31 to 60 $39,000 5% Accounts receivable Percent uncollectible 61 to 99 $21,080 7% Over 90 $33,000 10% eBook References 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. Reg 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 credit Req B and C > 2 Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Total $585,000 Part 2 of 2 Accounts receivable Percent uncollectible $399,000 1% 1 to 30 $93,090 2% 31 to 60 61 to 99 $39,000 $21,800 5% 7% Over 90 $33,000 10% 13.34 points eBook 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 References Complete this question by entering your answers in the tabs below. Reg A Req 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 $12,300 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 $1,300 debit, Show less View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 No Transaction Recorded 2 Dec 31 No Transaction Recorded