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Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of recelvables analysis at December 31. a. Estimate

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Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of recelvables analysis at December 31. a. 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 Ex[ense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,300 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 $2,300 debit. Complete this question by entering your answers in the tabs below. Estimate the baiance 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

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