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Required information Use the following information for the Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below) Daley Company prepared
Required information Use the following information for the Exercises 13-14 below. (Algo) [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 Days Past Due Total $575,000 $397,000 1 to 30 $91,000 31 to 60 61 to 90. $37,000 $19,000 Over 90 $31,000 21 36 64 04 114 Exercise 7-13 (Algo) 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 $3,700 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 $200 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Prev 29 30 Naut Check my
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