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 Duw Accounts receivable Percent uncollectible Total $650,000 0 $412,000 2x 1 to 30 $100,000 3x 31 to 60 61 to 90 552,000 534,000 6 Over 90 $ 46,000 113 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 $13,600 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 $2,600 debit Complete this question by entering your answers in the tabs below. Rega Red Band 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 Required information Prepare the adjusting entry to record Bad Debts Expense using the estimate from porta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,600 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 $2.600 debit 12 View transaction list Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,600 credit balance Note: Enter debits before credit Date General Journal Debit Credit Dec 31