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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. 2. Estimate

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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. 2. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in t Allowance for Doubtiul Accounts is a $13.600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in th Allowance for Doubtful Accounts is a $2,600 debit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts recelvable to estimate uncollectibles, instead of the aging of recelvables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Acsume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,600 dedit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted batance in the Nllowance for Doubtful Accounts is a $2,600 debit. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,600 credit balance. Note: Fiter dehits before credits

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