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The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts

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The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts receivable Percent uncollectible Total 0 $650,000 $412,000 20 1 to 30 $106,000 30 31 to 60 61 to 90 $52,000 $34,000 60 81 Over 90 $46,000 118 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 $5,200 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 $1,700 debit Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Receivable Percent Uncollectible (%) Not due: 1 to 30 31 to 60: 61 to 90: Required information 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 $5,200 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 $1,700 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. Accounts Receivable Percent Uncollectible (%) es Not due: 1 to 30 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles Req Band > 7 Required information 1.66 points Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the 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 $1,700 debit. Show less eBook View transaction fist Hint Journal entry worksheet Print Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,700 debit balance. References Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal 1 Required information 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 $5,200 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 $1,700 debit. Show less View transaction list Journal entry worksheet 2 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,200 credit balance. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal

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