QUESTION 14 AND QUESTION 15 TOGETHER PART I AND II

Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts eceivable. o. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in th: Allowance for Doubtful Accounts is a $4,700 credit. E. 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 $1,200 debit. Complete this question by entering your answers in the tabs below. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. . Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to stimate uncollectibles, instead of the aging of receivables method. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the llowance for Doubtful Accounts is a $13,100 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Ilowance for Doubtful Accounts is a $2,100 debit. Complete this question by entering your answers in the tabs below. 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. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,100 credit balance. Note: Enter debits before credits