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show work 0 Required information (The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December
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0 Required information (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 $605,000 Accounts receivable Percent uncollectible $403,000 25 1 to 30 $97,000 38 31 to 60 $43,000 68 61 to 90 $25,000 88 Over 90 $37,000 110 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 $4,300 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 $800 debit Complete this question by entering your answers in the tabs below. Req A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. x Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30 x 31 to 60 X 61 to 90 X Over 90: Estimated balance of allowance for uncollectibles Required information 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 $800 debit. Complete this question by entering your answers in the tabs below. Reg A Req 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 $4,300 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 $800 debit. Show les View transaction llet Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $4,300 credit balance. Note: Enter debits before credits Debit Credit General Journal Date Dec 31 View con lournal Clear entry Record entry -1... Required information Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in me Allowance for Doubtful Accounts is a $800 debit. Complete this question by entering your answers in the tabs below. Req A Req 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 $4,300 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 $800 debit. Show less View transaction list Journal entry worksheet Step by Step Solution
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