USE WIE IUIU WITTY HITUIRALI TUI LE CACILISED VEUW. The following information applies to the questions displayed below] Daley Company prepared the following aging of receivables analysis at December 31 Days Pant Due Total $660,000 Accounts receivable Percent uncollectible $414,000 15 1 to 30 31 to 60 61 to 90 $108,000 $54,000 $36,000 25 55 Over 90 $18,000 105 Exercise 9-8 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 $5.400 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 $1.900 debit. Complete this question by entering your answers in the tabs below. Req A Req Bandc 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 ** HY HUITFULI ILI YULE MOUWLIVI) Daley Company prepared the following aging of receivables analysis at December 31 Daya Pant Due T2 Accounts receivable Percent uncollectible Total $660,000 0 $414,000 15 1 to 30 31 to 60 61 to 90 $108,000 $54,000 $36,000 24 55 75 Over 90 $48,000 104 Exercise 9-9 Percent of receivables method LOP3 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 $13,800 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 $2,800 debit. Complete this question by entering your answers in the tabs below. Req A Reg B and C 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. Estimated balance of allowance for uncollectibles RAMA Req B and C> Required information a. Esunde und Dance vie AWHILE ROF LUULUUI ACCOULIS SY UI compaily USES OUI OUI CLUunes TELLIGUE 1o 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 $13,800 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 $2,800 debit. Complete this question by entering your answers in the tabs below. Req A 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 $13,800 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 $2,800 debit. Show less View transaction list Journal entry worksheet 2 > Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,800 credit balance. Note: Enter debits before credits. n
