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! Required information (The following information applies to the questions displayed below. Daley Company prepared the following aging of receivables analysis at December 31. Total
! Required information (The following information applies to the questions displayed below. Daley Company prepared the following aging of receivables analysis at December 31. Total $ 650,000 0 $ 412,000 28 Accounts receivable Percent uncollectible Days Past Due 31 to 60 $ 52,000 66 1 to 30 $ 106,000 3% 61 to 90 $ 34,000 Over 90 $ 46,000 118 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 $5,200 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 $1,700 debit. Complete this question by entering your answers in the tabs below. ReqA Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Estimated Uncollectible Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30: 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles X 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 $5,200 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 $1,700 debit. Show less View transaction list Journal entry worksheet
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