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Required information. Req A Req B and C 4429 b. Prepare the adjusting entry to record bad debts expense using the estimate from part
Required information. Req A Req B and C 4429 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 $5,400 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 $1,900 debit. View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,400 credit balance. Note: Enter debits before credits Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Show less A C faw Req A Req B and C 2:44:16 b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadju Allowance for Doubtful Accounts is a $5,400 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadju Allowance for Doubtful Accounts is a $1,900 debit. View transaction list Journal entry worksheet < 1 3 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,900 debit balance. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 43:53 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 $ 660,000 $ 414,000 1 to 30 $ 108,000 Days Past Due 31 to 60 $ 54,000 61 to 90 Over 98 $ 36,000 $ 48,000 1% 2% 5% 7% 10% a. Complete the table below 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 $5,400 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 $1,900 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts. receivable. Not due: 1 to 30: 31 to 60: 61 to 90: Over 90 Accounts Receivable x Percent Uncollectible (%) Estimated Uncollectible x x x x x Estimated balance of allowance for uncollectibles
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