TThe following information applles to the questions cisplayed below] Daley Company prepared the following oging of receivables analysis at December 31 Exercise 7-15 (Algo) Percent of receivables method LO P3 a. Estumate the batance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts recelvable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record bad debts expense using the estimate tram part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,700 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unodjusted balance in the Allowance for Doubtful Accounts is a $2.700 deblt. Complete this question by entering your anwwers in the tabs below. b. Prepare the adjusting entry to record bad debts expense using the estimate frem part a, Aswime the unadjusted balance in the Alowance for Doubtul Accounts is a \$13,700 credit. c. Prepare the adjusting entry to recond bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allawance for Deutteful Accounts is a 12,700 debit