! Required information (The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total 1 to 30 31 to 60 61 to 90 Accounts receivable $575,000 $397,000 $91,000 $37,000 $19,000 Percent uncollectible 2% 34 6% 84 Over 90 $31,000 119 a. Complete the below table 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 $3,700 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 $200 debit Complete this question by entering your answers in the tabs below. 35 Reg A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Receivable Percent Uncollectible (%) x Not due 1 to 30: 31 to 60 61 to 90 X CO N Part 1 of 2 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accou receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balar Allowance for Doubtful Accounts is a $3,700 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted balan Allowance for Doubtful Accounts is a $200 debit. Doints Complete this question by entering your answers in the tabs below. eBook Req A Reg B and C Hint Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. ASK Print Accounts Percent Receivable Uncollectible (%) Not due: X 1 to 30: X 31 to 60: 61 to 90 Over 90 Estimated balance of allowance for uncollectibles X References Reg Band C Required information Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjuste Allowance for Doubtful Accounts is a $3,700 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjuste Allowance for Doubtful Accounts is a $200 debit. View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,700 credit balance. Note: Enter debits before credits. Debit General Journal Date Credit Dec 31 Record entry Clear entry View general journal
