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Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total $655,000 Accounts receivable Percent uncollectible $413,000 3% 1 to 30 $107,000 4% 31 to 60 $53,000 7% 61 to 90 $35,000 9% Over 90 $47,000 12% Exercise 7-8 Aging of receivables method LO P3 . Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts eceivable. . 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 $5,300 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 $1,800 debit. Answer is not complete. 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 $5,300 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 $1,800 debit. Show less No 1 Credit Date Dec 31 General Journal Bad debts expense Allowance for doubtful accounts Debit 23,870 23,870 2 Dec 31 30,970 Bad debts expense Allowance for doubtful accounts 30,970

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