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Required information Skip to question [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December
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[The following information applies to the questions displayed below.]
Daley Company prepared the following aging of receivables analysis at December 31.
TotalDays Past Due01 to 3031 to 6061 to 90Over 90Accounts receivable$ 610,000$ 404,000$ 98,000$ 44,000$ 26,000$ 38,000Percent uncollectible 3%4%7%9%12%Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
- 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 $4,400 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 $900 debit.
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