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 5% of total accounts receivable to astimate uncollectibles, instead of the aging of recelvables method. 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 $12,500 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted balonce in the Allowance for Doubtful Accounts is a $1,500 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 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for unoblectibies Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,500 credit balance. Note: Enter debits before credits. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Aocounts has a $1,500 debit balance. Note: Enter debits before credis