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! Required information Use the following information for the Exercises below. The following information applies to the questions displayed below! Daley Company prepared the following

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! Required information Use the following information for the Exercises below. The following information applies to the questions displayed below! Daley Company prepared the following aging of receivables analysis at December 31 Days Past Our Total 1 to 30 31 to 60 61 to se Accounts receivable $645,000 5411,000 5105,000 551,000 $33,000 Percent uncollectible 2 Over 90 $45.000 103 IN 5 Exercise 9.9 Percent of receivables method LO P3 a. 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 Assume the unadjusted balance in the Awe nrArunka 13 ore Exercise 9-9 Percent of receivables method LO P3 a. 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 $13,500 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 $2.500 debit Complete this question by entering your answers in the tabs below. Req A Req Band Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 65. of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method: Estimated balance of allowance for uncollectibles 2. Required information Journal entry worksheet of 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,500 credit balance. OOX Note: Enter debits before credits General Journal Debit Credit rences Date Dec 31 ho Decounts Coront Benelul SE 10 Not

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