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 Days Past Due Total 1 to 30 31 to 60 Accounts receivable $ 650,000 $ 412,000 $ 106,000 $ 52,000 Percent uncollectible 0 61 to 90 $ 34,000 84 Over 90 $ 46,000 114 24 3 69 Exercise 7-14 (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 $5,200 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 $1,700 debit. Complete this question by entering your answers in the tabs below. Reg A Reg B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Receivable Percent Uncollectible (%) Estimated Uncollectible = Not due: 1 to 30 X 31 to 60: 61 to 90 x Over 90: x Estimated balance of allowance for uncollectibles Reg 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 $5,200 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 $1,700 debit. Show les View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,200 credit balance Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal Reg A Reg 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 $5,200 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 $1,700 debit Show less View transaction list Journal entry worksheet