THE ONES MARKED IN A RED X ARE WRONG PLEASE CORRECT IT.

Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Accounts receivable Percent uncollectible Total 0 $645,000 $411,000 1% 1 to 30 $105,000 2% 31 to 60 $51,000 5% 61 to 90 $33,000 7% Over 90 $45,000 10% Exercise 7-9 Percent of receivables method LO P3 a. 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 the Allowance for Doubtful Accounts is a $13,500 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 $2,500 debit. Complete this question by entering your answers in the tabs below. Reg A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receiva estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles s 15,670 credit Req 0 and > Use the following information for the Exercises below. [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 $645,000 $411,000 19 1 to 30 $185,000 24 31 to 60 $51,000 5$ 61 to 90 $33,000 76 Over 90 $45,000 184 Exercise 7-9 Percent of receivables method LO P3 a. 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 8. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,500 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 $2,500 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 balar the Allowance for Doubtful Accounts is a $13,500 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balan the Allowance for Doubtful Accounts is a $2,500 debit. Show No Date Debit Credit 1 Dec 31 General Journal Bad debts expense Allowance for doubtful accounts 2.070 so 2,070 2 Dec 31 18,0703 Bad debts expenso Allowance for doubtful accounts 18,070 REGA