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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. Accounts
Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Accounts receivable Total $ 605,000 0 $ 403,000 1 to 30 $ 97,000 Days Past Due 31 to 60 61 to 90 Over 90 Percent uncollectible $ 43,000 $ 25,000 $ 37,000 2% 3% 6% 8% 11% a. Complete the table below 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 t Allowance for Doubtful Accounts is a $4,300 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 $800 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Accounts Receivable Percent Uncollectible (%) Estimated Uncollectible x x x Estimated balance of allowance for uncollectibles HA Req B and C > a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of acco receivable. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balar Allowance for Doubtful Accounts is a $4,300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balan- Allowance for Doubtful Accounts is a $800 debit. Complete this question by entering your answers in the tabs below. sw Req A Req B and C 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 $4,300 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 $800 debit. View transaction list Journal entry worksheet < 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $4,300 credit balance. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Show less A a. Complete the table below 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 $4,300 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 $800 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C 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 $4,300 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 $800 debit. View transaction list Journal entry worksheet < 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $800 debit balance. Note: Enter debits before credits. Date: December 31 General Journal Debit Credit Record entry Clear entry View general journal Show less A
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