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 31.

	Total	Days Past Due
0	1 to 30	31 to 60	61 to 90	Over 90
Accounts receivable	$ 655,000	$ 413,000	$ 107,000	$ 53,000	$ 35,000	$ 47,000
Percent uncollectible		3%	4%	7%	9%	12%

a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b.make 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 $5,300 credit. c.makethe 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 $1,800 debit.

Req A Req B and C 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 $5,300 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 $1,800 debit. Show less