Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of recelvables analysis at December 31 . . Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts ceeivable. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the llowance for Doubtful Accounts is a $4,000 credit. . Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the llowance for Doubtful Accounts is a $500 debit. Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to stimate uncollectibles, instead of the aging of receivables method. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the lowance for Doubtful Accounts is a $12,400 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the lowance for Doubtful Accounts is a $1,400 debit