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Saved Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts receivable Percent uncollectible Total $585,000 $399,000 1 to

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Saved Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts receivable Percent uncollectible Total $585,000 $399,000 1 to 30 31 to 60 61 to 90 $93,000 $39,000 $21,000 2858 Over 90 $33,000 108 Exercise 7-8 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 $3,900 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 $400 debit. Complete this question by entering your answers in the tabs below. Reg A Req B and C complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accou receivable....... .. Accounts Percent Ravakle n enlentila 1 Required information Req A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using a receivable. Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30: 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles Reg B and c > Journal entry worksheet 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,900 credit balance. Note: Enter debits before credits. General Journal Date Dec 31 Debit Credit Record entry Clear entry View general Journal ROLA Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $400 debit balance. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general Journal

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