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thank2you! Required Information {The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31 Day
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Required Information {The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31 Day Past Due Accounts receivable Percent uncollectible Total 5610,000 $400,000 1 to 20 590,000 31 to 11 90 $44,000 $26,000 17% 9 Over 90 sae, 000 125 a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts Tecevable b. Prepare the adjusting entry to record Bad Debts Expense ung the estimate from pant. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $4,400 credit c. Prepare the adjusting entry to record bad debts exone using the estimate from an Assume the wadusted balance in the Allowance for Doubtful Accounts Ha S900 bit Complete this question by entering your answers in the tabs below. Band Complete the below table to calculate the estimated balance Autowance for Dout Accounts using aging or account receivable Required information wwwww Allowance for Doubtful Accounts is a $900 debit. Complete this question by entering your answers in the tabs below. Req A Req Band c Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable Accounts Receivable Percent Uncollectible (96) Not due 1 to 30: 31 to 60 * 151 to 90 Over 90 Estimated balance of allowance for uncollectibles Read Reg A Req Band 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 $4,400 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 $900 debit. Show less View transactions Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $4,400 credit balance Monts General Journal Date Dec 31 Debit Credit Beco WS Step by Step Solution
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