Required information Use the following information for the Exercises 13-14 below. (Static) [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Accounts receivable Percent uncollectible Total 0 $ 570,000 $ 396,000 1 to 30 $ 90,000 Days Past Due 31 to 60 $ 36,000 61 to 90 $ 18,000 Over 90 1% 2% 5% 7% $ 30,000 10% Exercise 7-13 (Static) Aging of receivables method LO P3 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. Complete this question by entering your answers in the tabs below. 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. Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Accounts Receivable x Percent Uncollectible (%) Estimated balance of allowance for uncollectibles = = Estimated Uncollectible = $ 0 < Req A Req B and C > Required information Use the following information for the Exercises 13-14 below. (Static) [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Accounts receivable Percent uncollectible Total 0 1 to 30 Days Past Due 31 to 60 $ 90,000 $ 36,000 61 to 90 $ 18,000 Over 90 1% 2% 5% 7% $ 30,000 10% $ 570,000 $ 396,000 Exercise 7-13 (Static) Aging of receivables method LO P3 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. Complete this question by entering your answers in the tabs below. Req A Req B and C 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. View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,600 credit balance. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry > Show less