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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 Days Past

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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 Days Past Due Total 1 to 30 31 to 60 61 to 90 Accounts receivable $660,000 $414,000 $108,000 $54,000 $36,000 Percent uncollectible 1% Over o 545.000 10% 2% 5% 73 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 $5,400 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 $1.900 debit. complete this question by entering your answers in the tads pelow. Rega Reg B and Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable, Accounts Percent Receivable Uncollectible (%) Not due 1 to 30 31 to 60 X + 61 to 90 Over 90 Estimated balance of allowance for uncollectibles X X Red Band C > Activate Nov Required information 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,400 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal e 1 2. Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,900 debit balance. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general journal

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