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Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Daley Company prepared the following aging of

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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 $570,000 $396,000 1 to 30 $90,000 31 to 60 61 to 98 $36,000 $18,000 Over 98 $30,000 1% 2% 5% 7% 10% Accounts receivable Percent uncollectible Total Exercise 7-8 Aging of receivables method LO P3 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 $3,600 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 $100 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. Not due: Accounts. receivable Percent uncollectible (%)

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