Required Information Use the following information for the Exercises 14-15 below. (Algo) The following information applies to the questions displayed below. Daley Company prepared the following aging of receivables analysis at December 31 Yots 58, Days Past Due i to 60 3,900 33980 to $92.000 AX 51 to 90 $ 20,000 Accounts receivable Percent collectible Over o 32,000 12% Exercise 7-15 (Algo) Percent of recelvables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. o prepare the adjusting entry to record bad debts expense using the estimate from part 2. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a 512,200 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 $1,200 debit Les Complete this question by entering your answers in the tabs below. Reg RB and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncoilectibles 3 12:200 credit Reg Band C > The following information applies to the questions displayed below Daley Company prepared the following aging of receivables analysis at December 31 Accounts receivable Percent collectible Total $ 5, 5. De Part De to 53, 2,00 61 to 520.000 Over 90 $ 32.000 12% Exercise 7-15 (Algo) Percent of recelvables method LO P3 6. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of recevables 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 $12,200 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from pert Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1200 debit Complete this question by entering your answers in the tabs below. Red Red Band b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubdul Account is a $12,200 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from purta. Assume the adjusted balance in the Allowance for Doubtful Accounts a $1,200 debit Show View transaction list Journal entry worksheet C 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,200 credit balance. No debts before General Journal Date December 31 Debit Credit The following information applies to the questions displayed below Daley Company prepared the following aging of receivables analysis at December 31 Tatil SHO, Accounts receivable Percent uncollectible Dast Due 31 to 60 x to $92,00 61 to se 520,00 93 Over 90 53,000 Exercise 7-15 (Algo) Percent of recelvables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles. Instead of the song of receivables method b. Prepare the adjusting entry to record bad debts expense using the estimate from part . Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12.200 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from anta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1200 debit Complete this question by entering your answers in the tabs below. Reg A Reg Band b. Prepare the adjusting entry to record bad debts expense using the estimate from parta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,200 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from parta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,200 debit Show less View transaction list Journal entry worksheet Not yet due 1-30 days past due 31-60 days 61-90 days Over 90 days past due past du past due Accounts Receivable 596 +ableau 1. Estimate the balance of the Allowance for Doubdul Accounts using aging of accounts receivable, 2. Make the adjusting entry to record Bed Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts receivables method 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8.000 debit and use of the aging of accounts recevables method 4. Based on further analysis, assume we find that the percentages in the graphic "Percent Uncollectible by Age are too high When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts receivables method. View transaction list Journal entry worksheet 1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5.000 credit and use of the aging of accounts receivables method 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts receivables method 4. Based on further analysis, assume we find that the percentages in the graphic "Percent Uncollectible by Age are too high. When alerting the manager, she responds that the intentional What are the income statement impacts from the overstated percentages? Complete this question by entering your answers in the tabs below. rices Required Required 2 Required 3 Required 4 Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8.000 debit and use of the aging of accounts receivables method. View transaction line Journal entry worksheet Record the estimated bad debts. Notebb General Journal Transaction Dec 31 Debit Credit Record Clear entry View general Journal