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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

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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 Due Total 0 Accounts receivable $595,000 $401,000 Percent uncollectible 1 to 30 31 to 60 61 to 90 Over 90 $95,000 $41,000 $23,000 $35,000 48 12 Exercise 9-8 Aging of receivables method LO P3 a. Complete the below table 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 $4.100 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 $600 debit. Complete this question by entering your answers in the tabs below. Reg A Reg B and 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 $4,100 credit. 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 $600 debit. Show less View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 Bad debts expense 20,870 Allowance for doubtful accounts 20.870 2 Dec 31 25,570 Bad debts expense Allowance for doubtful accounts Req A 25,570 Reg B and C

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