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The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Total $630,000 Accounts receivable Percent uncollectible 1 to 30 $102,000 24 $408,000 18 31 to 60 $48,000 5% Over 90 342,00 61 to 90 $30,000 7% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% 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 porta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,200 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 $2,200 debit Complete this question by entering your answers in the tabs below. Reg A Reg B and Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 6% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Rega Req Band C> Required information Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,200 debit balance. Note: Enter debits before credits, Date General Journal Debit Credit Dec 31 S

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