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 $630,000 $408,800 $102, eee $48, eee $38,eee Percent uncollectible 1% 2x 5% 7% Over 90 $42,000 10% 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 $4,800 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 $1,300 debit. 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 $4,800 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 $1.300 debit. Complete this question by entering your answers in the tabs below. Rega Reg B and Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Receivable Percent Uncollectible (%) Not duer 1 to 30 31 to 60 61 to 90 XXX . X Req A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable 27 Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30: 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles X $ Rega Req Band 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 $4,800 credit. 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 $1,300 debit. Show less View transaction list Journal entry worksheet 2 > 1 Record estimated bad debts assuming that allowance for Doubtful Accounts has a $4,800 credit balance. Note: Enter debits before credits Required information Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $4,800 credit balance. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal
