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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. Percent uncollectible Total $630,000 0 $ 400,000 1 to 30 Days Past Due 31 to 60 61 to 90 Over 90 $ 102,000 $ 48,000 $ 30,000 $ 42,000 1% 2% 5% 7% 10% . Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. . 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 $4,800 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 $1,300 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. Accounts Receivable Percent Uncollectible (%) Estimated Uncollectible Not due: 1 to 30: 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles CReA Req B and C >
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