Question #4 Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Duo Total 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $700,000 $410,000 $150,000 $80,000 $40,000 $20,000 Percent uncollectible 1% 3% 4% 6% 10% a. Calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable 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 $1,200 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 $500 debit. Okay to show your work on another sheet of paper if this is not enough room for you