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 Total $585,000 Accounts receivable Percent uncollectible $399,000 16 1 to 30 $93,000 28 31 to 60 $39,000 50 61 to 90 $21,000 70 Over 90 $33,000 100 Exercise 7-8 Aging of receivables method LO P3 receivable. a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts 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 $3,900 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 $400 debit. Complete this question by entering your answers in the tabs below. 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 $3,900 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 $400 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 Percent Receivable Uncollectible (%) Not due: X 1 to 30 X 31 to 60 61 to 90 X Over 90: X Estimated balance of allowance for uncollectibles $ Rega Req B and 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 $3,900 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 $400 debit. Show less View transaction list Journal entry worksheet 1 2 > Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,900 credit balance. Note: Enter debits before credits Date General Journal Debit Credit Doc 31 Accounts payable Accounts receivable Allowance for doubtful accounts Bad debts expense 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 $3,900 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 $400 debit. Show less View transaction list Journal entry worksheet 1 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $400 debit balance, Note: Enter debits before credits Date General Journal Dobit Credit Dec 31 Accounts payable Accounts receivable Allowance for doubtful accounts Bad debts expense Cash Recorde View general Journal