! 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 $570,000 Accounts receivable Percent uncollectible D $396,000 16 1 to 30 $90,000 28 31 to 60 61 to 90 $36,000 $18,000 58 78 Over 90 $30,000 108 a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts recelvable. 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 $3,600 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 $100 debit Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts receivable Percent uncollectible (%) Not due: X 1 to 30 x 31 to 60 61 to 90 Over 90 X Estimated balance of allowance for uncollectibles Rega Req Band C Daily Company prepared the following aging of receivables analysis at December 31. Accounts receivable Percent uneollectible Total $570,000 $396,000 Days Past Due 1 to 30 31 to 60 61 to 9 $90,000 $36,000 $18,000 20 78 Over 50 $30,000 100 2 203 Dook a. Complete the table below 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 $3,600 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 $100 debit Complete this question by entering your answers in the tabs below. rint Reg A Red Band C rences 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 $3,600 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 $100 debit. Show less View transaction et Journal entry worksheet 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,600 credit balance Note: Enter debits before credits Date General Journal Debit Credit Dec 31
