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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, Total $570,000

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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, Total $570,000 Days Past Due 31 to 60 $36.000 1 to 30 590.000 2x $ 296,000 2x 01 to 90 $ 18,000 7 Accounts receivable Percent uncollectible Over 50 $ 30.000 105 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 $3,600 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 $100 debit Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Estimated Uncollectible Accounts Percent Receivable Uncollectible (%) Not due X 1 to 30 X 31 to 60 X 61 to 90 X Over 90 Estimated balance of allowance for uncollectibles Record estimated bad debts assuming that allowance for Doubtful Accounts has a $3,600 credit balance. Note: Enter debits before credits. Debit Credit General Journal Date December 31 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $100 debit balance. Note: Enter debits before credits. General Journal Debit Credit Date December 31

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