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 Due Accounts receivable Percent uncollectible Total 0 $630,000 $408,000 13 1 to 30 $102,000 2x 31 to 60 $48,000 5% 61 to 90 $30,000 7% Over 90 $42,000 10% 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 $13,200 credit, c. Prepare the adjusting entry to record bod debts expense using the estimate from part a Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $2,200 debit Complete this question by entering your answers in the tabs below. Reg A Red Band Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receivable to Accounts receivable Percent uncollectible Total $630,000 $408,000 1% 1 to 38 $102,000 31 to 60 $48,000 5% 61 to 90 $30,000 7% Over 90 $42,000 10% 2% Exercise 9-9 Percent of receivables method LO P3 B. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts recei 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 bala Allowance for Doubtful Accounts is a $13 200 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balar Allowance for Doubtful Accounts is a $2,200 debit. Complete this question by entering your answers in the tabs below. Req Req B and c 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. Estimated balance of allowance for uncollectibles Allowance for Doubtful Accounts is a $13,200 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume Allowance for Doubtful Accounts is a $2,200 debit, View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,200 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal BE