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 $665,000 tal 0 $415,000 2% Accounts receivable Percent uncollectible 1 to 30 $109,000 3% 31 to 60 $55,000 61 to 90 $37,000 8% Over 90 $49,000 11% 6% ory a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables 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 $13,900 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 $2,900 debit. Complete this question by entering your answers in the tabs below. Reg A Reg B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles ncollectibles credit Req A Req B and C > Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,900 credit balance. Note: Enter debits before credits. Debit Credit Date Dec 31 General Journal Bad debts expense Allowance for doubtful accounts unts Record entry Clear entry View general journal Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,900 debit balance. Note: Enter debits before credits. Date Debit Credit Dec 31 General Journal Bad debts expense Allowance for doubtful accounts Record entry Clear entry View general journal