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Daley Company prepared the following aging of receivables analysis at December 31, Days Past Due Accounts receivable Percent uncollectible Total $605,000 $403,000 2% 1 to 30 599,00 3% 31 to 60 $43,000 6X 61 to 90 $25,000 8% Over 90 537.000 11% o. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% 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 $12.700 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 $1700 debit. Complete this question by entering your answers in the tabs below. Reg A Red Band Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method Estimated balance of allowance for uncollectibles credit Reg A Red Band 2012 b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part .. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,700 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 $1,700 debit Show less 014742 View transaction list Journal entry worksheet 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a 512,700 credit balance, Note: Enter debitore credits Date Decal General Journal Debir ridit

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