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Requlred Information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31 . o.
Requlred Information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31 . o. 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 t Allowance for Doubtful Accounts is a $12,600 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in t Allowance for Doubtful Accounts is a $1,600 debit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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 $12,600 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 $1,600 debit
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