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 Accounts receivable Percent uncollectible Total $665, een $415,000 2% 1 to 30 $109, eee 31 31 to be $55, eee 6% 61 to 90 $37,00 8% Over 90 $49, eee 11% 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 $5.500 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 $2.000 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 $5,500 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 $2.000 debit. Complete this question by entering your answers in the tabs below. 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 (96) Not due 1 to 30 X 31 to 60 X 01 to 00 X Over 00 X Estimated balance of allowance for uncollectibles Req B and C> Required information 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 $5,500 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 $2.000 debit. Show less View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,500 credit balance. Note: Enter debits before credits General Journal Debit Credit Record entry Clear entry View general journal Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,000 debit balance. Note: Enter debits before credits Date General Journal Dobit Credit Dec 31 Chiny Mesum
