Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of recelvables analysis at December 31. a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of recelyables 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 Doubtul Accounts is a $13,400 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 $2,400 debit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of recelvables method. 0. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts recelvable to estimate uncollectibles, instead of the aging of recelvables 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 $13,400 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 $2,400 debit. Complete this question by entering your answers in the tabs below. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted baiance in Alowance for Doubthul Accounts is a $13,400 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in Alowance for Doubtful Accounts is a $2,400 debit. Journal entry worksheet 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,400 credit balance. Note: Inter debis before crodas. a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total sccounts recelvable to estimate uncollectbles, 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 $13,400 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 Doubtiul Accounts is a $2,400 debit. Complete this question by entering your answers in the tabs below. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in Alowance for Doubthul Accounts is a $13,400 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in Allowance for Doubtiul Accounts is a $2,400 debit. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubthul Accounts has a $2,400 debit balance. Note: Enter debiti before credits
