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Accounting
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Daley Company prepared the following aging of receivables analysis at December
Total Days Past Due
to to to Over
Accounts receivable $ $ $ $ $ $
Percent uncollectible
Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
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 $ 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 $ debit.
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