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5 20 points Required information 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. eBook Ask Days Past Due Total $570,000 Accounts receivable Percent uncollectible 0 $396,000 1% 1 to 30 $90,000 2% 31 to 60 $36,000 5 % 61 to 90 $18,000 78 Over 90 $30,000 10% 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 $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. X X Accounts Percent receivable uncollectible (%) Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles X = 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. 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. Show less A View transaction list Journal entry worksheet 1 2 > Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $3,600 credit balance. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Journal entry worksheet

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