# Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Total \$585,000 \$3...

Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Total \$585,000 \$399,000 1 to 30 31 to 60 61 to 90 Over 90 \$93,000 \$39,000 \$21,000 \$33,000 Accounts receivable Percent uncollectible & E 2 % 5% 7% 10% 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.
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. Accounts Percent Receivable Uncollectible (%) Not due: 1 to 30: 31 to 60 61 to 90: Over 90: Estimated balance of allowance for uncollectibles Reg B and C >
Reg A Reg 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 Record estimated bad debts assuming that allowance for Doubtful Accounts has a \$3,900 credit balance.

Solution a:

Solution b and c:

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