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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.

	Total	Days Past Due
		0	1 to 30	31 to 60	61 to 90	Over 90
Accounts receivable	$ 575,000	$ 397,000	$ 91,000	$ 37,000	$ 19,000	$ 31,000
Percent uncollectible		2%	3%	6%	8%	11%

a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% 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 $12,100 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 $1,100 debit.

Req A Reg B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,100 credit balance. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,100 credit balance. 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,100 debit balance