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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.

  1. 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.
  2. 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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