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 Days Past Due Total 1 to 3 31 to 60 61 to 90 Accounts receivable 5615,000 5405,000 599,000 $45,000 $27.000 Percent uncollectible 15 Over 90 $39,000 103 2x 5% Exercise 7-14 (Algo) Percent of receivables method LO P3 .. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receivable to estimate uncollectibles, 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 $12.900 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from porta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1900 debit A Complete this question by entering your answers in the tabs below. Rea Reband Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method Prex 12 of 17 Next > ere to search o