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			0			1 to 30				31 to 60				61 to 90				Over 90
Accounts receivable	$	645,000		$	411,000			$	105,000			$	51,000			$	33,000			$	45,000
Percent uncollectible					1	%			2	%			5	%			7	%			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 $5,100 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 $1,600 debit.

Req A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. = Accounts Percent Receivable Uncollectible (%) Not due: x 1 to 30: 31 to 60 61 to 90 Over 90: Estimated balance of allowance for uncollectibles X = X X 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 $5,100 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 $1,600 debit. Show View transaction list Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,100 credit balance. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Req A Req B and c Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $5,100 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in t Allowance for Doubtful Accounts is a $1,600 debit. View transaction list Journal entry worksheet