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Daley Company prepared the following aging of receivables analysis at December $31.$

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 $$4,200$ 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 $$700$ debit.

Complete this question by entering your answers in the tabs below.

ReqA Requ 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 $$4,200$ 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 $$700$ debit.

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Journal entry worksheet

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